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What is an Invoice?
An Invoice is a document that acts as a receipt for goods and services provided, and in many cases, may also be used as a formal payment request. Since Invoices contain itemized charges and recorded transactions, they can help you keep your finances organized. For this reason, they are often used as proof of a transaction or as financial records for bookkeeping and taxes.
Invoices may contain all the relevant details of the exchange. For example, they can include the names of the buyer and the seller, the date of purchase, and a breakdown of the charges. The invoice may itemize the charges, with price and quantity included for each item. You may also opt to include all relevant taxes, fees, or discounts that impact the final price.
An Invoice is a key document in any business—make sure you're covered.
When to use an Invoice:
- You need to provide an itemized record of a transaction.
- You need to request payment for an itemized list of goods or services.
- You want to document a sale or purchase for bookkeeping or tax purposes.