what is an invoice in business
Invoice - What is an invoice? Definition: a document sent to a buyer that specifies the amount and cost of products or services that have been provided by a seller. An invoice indicates what must be paid by the buyer according to the payment terms of the seller. Payment terms usually specify the period of time that a buyer has to send payment to the seller for the goods and/or services that they have purchased. Included in a typical invoice. Sales v. purchase invoice.