Invoicing
Invoicing is the process of creating and issuing a document that lists the goods or services provided and the total amount due for payment. The document is called an invoice
Terminology used on invoices
| a unique identifier assigned to an invoice by the seller |
| the date on which the invoice was issued |
| the date by which payment for the invoice must be made |
| the conditions under which payment for the invoice is expected, such as net 30 or 30 days (payment is due 30 days after the invoice date), or net 60 / 60 days (payment is due 60 days after the invoice date) |
| the customer or organisation that the invoice is being sent to for payment |
| the address where the goods or services were shipped or delivered |
| a detailed description of the goods or services being invoiced |
| the number of units of the goods or services being invoiced |
| the cost per unit of the goods or services being invoiced |
| the total cost of a line item on the invoice, calculated by multiplying the quantity by the unit price |
| the total cost of all line items on the invoice before any taxes or discounts are applied |
| the amount of tax or VAT (abbreviation for value added tax) that is added to the invoice total |
| the final amount that the customer is responsible for paying, including any taxes and discounts |
| the address where payment for the invoice should be sent |
| the different ways in which the customer can pay the invoice, such as check, credit card, ACH, etc. |
| a document issued by a seller to a buyer, reducing the amount that the buyer previously agreed to pay the seller |
| an invoice provided in advance of a shipment or delivery, indicating the types and quantities of goods or services to be provided and their cost |
| a unique number assigned by the buyer to the purchase order, which is used to identify the transaction and to track the order through the purchasing process |
| costs associated with shipping the goods or services to the customer, such as transportation, packaging, and handling fees |
