An invoice is a commercial document issued by a seller (also
known as a vendor or supplier) to a buyer (customer or client) that specifies
the products or services provided, the quantity, agreed-upon prices, payment
terms, and other relevant transaction details. In essence, an invoice serves as
a formal request for payment for goods or services rendered.
Invoices play a crucial role in business transactions for
both the seller and the buyer. They provide a clear transaction record,
facilitate accounting and bookkeeping, and serve as legal documents in case of
disputes or for tax purposes. In some countries, invoices must adhere to
specific legal requirements to be considered valid. Businesses often use
specialized accounting software or templates to generate invoices efficiently
and accurately.
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