By Minnie Stowe - April 10 2018 11:25:04
An invoice, sometimes called a sales invoice, is a document sent by a provider of a product or service to the purchaser. The invoice establishes an obligation on the part of the purchaser to pay, creating an account receivable. In other words, the invoice is a written verification of the agreement between the buyer and seller of the goods or services. Invoices are an important part of your business s bookkeeping and accounting recordkeeping system because they record sales transactions.
Feel free to use this free invoice template as a model for your own simple invoices. If you like, you can copy it into MS Word or some other word processor, and substitute your relevant data, using your own customized business letterhead, and formatting the invoice template as you desire.
Good invoicing software provides invoice templates that adhere to the legal requirements as well as VAT for an invoice in the country in which your business is based, meaning that there are no concerns about whether you have included all the details your invoice needs.
Accounting software designed for small businesses can not only be used as POS (Point of Sale) systems and print out invoices on the spot, but make it easier to calculate and keep track of taxes, such as the GST/HST. There are a number of inexpensive, easy to learn, cloud-based accounting packages available for small businesses.
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