By Rita Derrick - April 10 2018 06:06:49
An invoice is a pillar of the sales process. It is the main document that serves as a bill for the service or products your business has provided. A properly created invoice is a legal document that provides a binding agreement.
A bill is a request for payment. A bill is usually considered from the customers standpoint. It is common to receive a bill without an invoice, as in a restaurant or retail store. A bill is usually given with the expectation of immediate payment.
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.
Invoices are sometimes confused with purchase orders. Purchase orders (POs) are before the transaction, and invoices are after the transaction. Purchase orders record an order by a customer to a vendor or supplier.
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