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An invoice, bill, receipt, or tab is a trade document provided to the buyer by the seller relating to the selling transaction and describing the goods, amounts, and negotiated prices for the products or services supplied to the buyer by the seller. Usually, payment terms are specified on the invoice. These will state that the customer has a limited number of days to pay and, if charged past the due date, is often given a discount.
Some sellers explicitly state in large and/or capital letters on an invoice whether it has already been paid, in order to prevent misunderstanding and consequent needless correspondence from buyer to the seller. An invoice is a sales invoice from a seller's point of view. An invoice is a purchase invoice from a buyer's point of view. The contract reveals the buyer and seller, but the invoice word means that money is due or owed. A typical invoice may contain the word invoice (or tax invoice), a unique reference number, date of the invoice, credit terms, tax amounts, if relevant, name and contact details of the seller, tax or company registration details of the seller, name and contact details of the buyer, date of sending or delivery of the goods or service, purchase order number, description of the product(s), unit price(s) of the product(s), if relevant, and the total amount charged with currency (symbol or abbreviation).
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