1. Money

Invoice

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Definition:

An invoice is a bill 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.

The usual sections in an invoice include:

  • Date
  • Names and addresses of customer and supplier
  • Contact names
  • Description of items purchased, either products or services
  • Terms of payment. For example, the provider might specify "net 30 days," which means that the entire amount is due within 30 days.
Also Known As: Bill
Common Misspellings: Invoices are sometimes confused with purchase orders.
Examples:
Jim's Photography sent Kiki's Restaurant an invoice for the publicity photos taken on January 30.

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