What is an invoice?

An invoice is a document given to a buyer by a seller. An invoice indicates the quantity and the agreed-upon price of a product or service. In addition, an invoice will contain the name of both the seller and the buyer.

Invoices are typically used to maintain records. Invoices clearly describe the who, what, where, and when of product and service purchases. Invoices are a valuable accounting tool that helps both the buyer and seller keep track of money that has been paid and money that is owed. Accounting teams will use invoices when filing taxes as they serve as reliable financial records. 

Flexible business management systems will allow you to create customizable invoice PDFs and invoices from various transactions. Systems that keep well-organized and easy-to-locate records of your invoices help your accounting team find records when they need them. It also allows you to use invoices as part of reports and gain further insight.

• How to manually create an invoice
• How to create an invoice from an event