What is invoice?

  • (verb): Send an bill to.
    Example: "She invoiced the company for her expenses"
    See also — Additional definitions below


An invoice or bill is a commercial document issued by a seller to the buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer. An invoice indicates the sale transaction only. Payment terms are independent of the invoice and are negotiated by the buyer and the seller. Payment terms are usually included on the invoice. The buyer could have already paid for the products or services listed on the invoice. Buyer can also have a maximum number of days in which to pay for these goods and is sometimes offered a discount if paid before the due date.

Read more about Invoice.

Some articles on invoice:

Invoice Processing - Automation Software
... as the solutions and services which automate the people and paper-based processing invoices for approval and posting into the accounting system. 8-17-07, there are around 3757 invoice processing applications in the world ... In the 2008 report, "Optical Character Recognition Invoice Imaging and Data Capture for Accounts Payable," Pay Stream advisors writes Intelligent Data Capture (IDC) or ...
Invoice - Standardisation
... Invoices are different from receipts ... Both Invoices and receipts are ways of tracking purchases of goods and services ... In general the content of the invoices can be similar to that of receipts including tracking the amount of the sale, calculating sales tax owed and calculating any discounts applied to the ...
Specification Pattern - Example of Use
... In the following example, we are retrieving invoices and sending them to a collection agency if they are overdue, notices have been sent and they ... OverdueSpecification class that is satisfied when an invoice's due date is 30 days or older, a NoticeSentSpecification class that is satisfied when three notices ... SendToCollection which will be satisfied when an invoice is overdue, when notices have been sent to the customer, and are not already with the collection agency ...
Invoice Reader
... Invoice reader is a technical term that usually signifies complex software solutions for enterprise Accounts Payable departments data entry business process optimization ... process optimization is performed through the Invoice processing automation ...
Remittance Advice
... a supplier, to inform the supplier that their invoice has been paid ... inst was received in good order accompanying is our remittance of $52.47 per invoice No 83046") or of a voucher attached to the side or top of the cheque ... help the accounts-receivable department to match invoices with payments ...

More definitions of "invoice":

  • (noun): An itemized statement of money owed for goods shipped or services rendered.
    Synonyms: bill, account