What is an Invoice?

Showing Answers 1 - 6 of 6 Answers

SAM

  • Aug 1st, 2005
 

Invoice is a information sheet whcih a compnay sends to the buyer along with the good . 
It explains the details of the goods in the shipment and also the prices. 
Invoices can contain all sorts of data regardinng the shipment and goods depending on the company and product. 

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tgs100

  • Dec 12th, 2005
 

AR invoice is a document sent to the customer with details like, Bill-to customer code, product code, qty sent, price, currency, credit terms, tax details,etc. Based on this invoice, customer will make payment to the company and the same is applied against the invoice.
 
AP invoice is the document received from the supplier and contains informations such supplier details, product code, qty, price and tax details. This invoice is entered in the AP module and payment is made to the supplier against this invoice.

nihar sahu

  • Oct 13th, 2006
 

there are 2 types of invoice 1.perodic2. milestone

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kinj84

  • Jan 28th, 2008
 

Accounts Payable invoice is a document that is sent to the buyer from the supplier. It lists item, price, quantity and the total amount along with tax lines.

All the items bought by the company are listed in a the line format. Total of the line items is the total of the invoice.

Invoice can also further be matched against purchase order or receipts.

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viren56

  • Oct 21st, 2011
 

An Invoice is a commercial document issued by seller to buyer indicating the products/ services, quantities and agreed pricess.
primary attribute of an AR invoice are:
1. Inv Number
2. Inv date
3. Currency
4. payment term.
5. Bill to Custimer address
6. Ship to customer address
7. Source (manual or batch)
8. Class (Inv or CM or DM...)
9. taxes and freight Chrges

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Carlos Lopez Campos

  • Jun 7th, 2016
 

It is a document that contains details of receipts (payments) and Shipping (receipts) for payment and collection between commercial entities

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