An invoice, also referred to as a bill, is an officially file that details a financial transaction between a vendor and a customer.The invoice specifies the items or services given, quantities, charges, and total amount due. It acts as a record of the sale and a payment request.
Now that you understand the importance of invoices and how they work, get your free invoice template now! Choose from a number of templates customized for your specific business needs. You can also choose between formats such as Word (Docs) and Excel (Xlsx).
Invoices are essential to any business. Here’s why:
An invoice template is a pre-formatted document that provides a foundation for creating your invoices. It typically includes essential elements like:
While you can make invoices with an online invoice generator, use of a template saves time and ensures you don’t forget any important details. Here’s a basic steps:
The terms “invoice” and “bill” are sometimes used interchangeably. However, a small difference occurs. A seller normally issues an invoice to a buyer once the sale is completed. In contrast, a bill can be issued before or after a transaction, and it may include additional information such as penalties for late payments.
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