Definition: A list of goods sent, or services provided, with a statement of the sum due for these; a bill.
Invoices are necessary for any business. The invoice establishes an obligation for the purchaser to pay the sender. They are also a requirement for your business when it comes to book keeping. You may or may not know that they are certain legalities to invoices that must be followed. This blog post is a run through of all the basic features that must be included on an invoice
* Invoice Date – Simply the date the invoice was produced
* Tax point date – The tax point determines when the output tax and input tax should be accounted for.
* The company name and address of the customer you’re invoicing – If you are printing your invoice on integrated labels you need to make sure that as well as the address being on the sticker it must also be on the invoice
* A unique identification number – More commonly known as an invoice number
* Your company name, address, and contact information
* The date the goods or service were provided - supply date
* The amount(s) being charged
* VAT amount if applicable
* The total amount owed – if you have taken a deposit for the item you can include this on the invoice to show how much is still to be paid
* Due date – You may have some customers that pay on account, you can include the date that they need to make payment by. And how they can make payment.
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