Invoicing is required because it serves as a legal document that indicates that goods or services were actually delivered and that the amount on the invoice is owing or has been paid. You can send invoices via email, post, fax, or any other communication method that you may have available at your disposal. Unlike a bill that you receive at a restaurant or at a grocery store, an invoice is different, with more details and with different terms for payment.įirst, it starts out with the business in question ensuring that the customer receives the relevant set of goods or services, setting out the payment amount and payment terms that need to be fulfilled, as well as the due date for the payment. The merchant sends it to a customer so that they can get paid for these items. Essentially, it is a document – whether in print or digital format, which contains a set of specific characteristics which enable a seller to specify the items or service that they have sold, at which price, with a due date for the payment. What are the legal impacts of an invoice?įirst things first – let’s start with the invoice’s meaning.What are the key features of an invoice?.
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