What is an Invoice?
An invoice, bill, and tab are written documents that the seller gives the buyer in a transaction for property. The form includes the products, amount, and the prices for the product(s).
Payment Terms and Conditions
- Buyer – Maximum number of days to pay and may be offered a discount if paid before the due date.
- Seller – Must clearly state in large upper-case letters whether or not it has already been paid.
The printed invoice includes the bank account details of the creditor and a reference code intended to identify the payer.
Important when the payer’s identity is fraud or in situations in which multiple payers are involved.
Seller and Buyer Invoice
From the seller’s point of view, the invoice is a sales invoice, while from the buyer’s point of view, it is a written purchase invoice.
Free Template Pdf
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