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 buyer must pay the seller, according to the payment term. It does not only shows the customer or client how much money is due but provides tax information. Both you and your customers need to be able to track how much is paid or owed, for instance. Because invoices are such an important part of your business records, it's important to get them right. Invoicing includes the following:
- a unique identification number
- your company name, address and contact information
- the company name and address of the customer you are invoicing
- a clear description of what you are charging for
- the date the goods or service were provided (supply date)
- the date of the invoice
- the amount(s) being charged
- VAT amount if applicable
- the total amount owed
It is very important to the business in a way that you will able to know all the transaction happened in the business in easy way. You will no longer write the transaction in a book bacause when you have this invoicing system, it will appear directly to the computer in just one click. The work of the employees will become easier, lesser the time you render and it is faster than writing a receipt.
