An invoice is a document that lists the products and services a business provides to a client and establishes an obligation on the part of the client to pay the business for those products and services. Invoices serve an important purpose for both the business sending the invoice and the client receiving it.
How do you use an Invoice?
For small businesses, an invoice helps expedite the payment process by giving clients a notification of the payment that’s due. For clients, invoices provide an organized record of an expense with itemized details, and can help with record keeping. Invoices are used as a source document for business accounting. Invoices are helpful for recording all the sales transactions a business makes with its clients. Invoices are used by businesses for a variety of purposes, including:
- To request timely payment from clients;
- To keep track of sales;
- To track inventory, for businesses selling products;
- To forecast future sales using historical data;
- To record business revenue for tax filings.
An invoice will always come in handy for your business, so it would be a good idea to download it and to keep it on your computer. It will be ready to use then and will save you a lot of time trying to search for it. Bizzlibrary.com has many more documents that would be ideal for your business.
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Ludie Combs - DEU
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