![]() Total amount due: The total after tax and discounts.Tax information: The tax being charged, i.e.Discounts: A list of any discounts and deductions applied to the invoice.Subtotal: The total due before tax and discounts.Description of products or services provided: Typically an itemized list of products and services along with a short description and the quantity of each provided.Client/customer name and information: States who needs to provide payment.Business name and contact information: Lets the customer know who the invoice is coming from.Invoice number: Helps the buyer and seller keep track of the invoice.The word “invoice”: Makes it clear what the document is at a glance.What’s Included in an Invoice?Įvery seller’s invoice will have its own unique style and layout, but there are some features that all invoices have in common: On the seller’s end, invoices can also be used to aid with record keeping, predicting future sales and cash flow, and generally keeping track of what work has been conducted. ![]() Typically, an invoice is sent after the products are delivered or the services are carried out, but invoices can also be used to request payment upfront. The invoice formally establishes an obligation for the client to pay the seller, and it states when and how the payment must be submitted. The slightly more complicated explanation is this: an invoice is an itemized list of products or services that a seller sends to a customer to request payment. It tells a customer what they ordered, what they owe, and how to pay for all of it. The simplest explanation is this: an invoice is a bill. Luckily, the concepts are pretty straightforward, so you’ll be all set to send out professional invoices and receipts by the end of this article. Here, we’re going to clarify the differences between two important parts of the billing and payment process for freelancers: the invoice and the receipt. ![]() If you’re a freelancer, it’s important that you understand the lingo that comes with the territory.īut with so many different words with very similar meanings, like purchase order, invoice, and receipt, it can sometimes be hard to keep them straight: do you send out a purchase order, get a receipt, and then send an invoice? Or do you send your invoice, get a purchase order, and then send out a receipt?
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