2. What does invoice mean?
A document can be
called as bill, made for
customer (buyer) by the
seller to show the sales
done between them. It
consists of the name and
quantity of the products
and services with their
prices at which they were
bought or sold.
3. What an invoice contain?
It must include the following:
1. The word “invoice” as a heading.
2. The reference ID which must be unique which will be used for any
correspondence made (if any).
3. The date, when it was made.
4. The terms of credit.
5. The amount of tax payment made (if any).
6. Seller name and contact details clearly mentioned.
7. It must contain seller’s company registration number.
8. Buyer’s name and contact details must be clearly seen.
9. It must show delivery dates of the products/services.
10. Purchase order number.
11. Product(s) description.
12. Price of product per unit (if relevant).
13. Total price.
14. Must mention payment method i.e. how the payment is done, date
at which it is done and late payment charges. In other words, it must
show the payment terms.
4. Kinds of Invoice:
1. Estimate Invoice: This type is related to
estimating the total cost that would be
spent in buying the products and services
and projects.
2. Recurring Invoice: The billing is done at
regular intervals. It does not need to
define any issue date by the user.
If your customer is invoiced on a
particular day such as every Monday,
Tuesday, at the beginning or at the end of
every month then the recurring invoice
takes the responsibility that you are paid
on time as per your schedule by your
client wherever he is.
5. Features of Scopidea Invoice System:
1. Provides an easy way to create invoice,
estimate the cost of your products and
services and easily generate reports.
2. Have a facility of automatically generating
recurring invoice.
3. Supplier may access multiple clients.
4. It in Pdf format can be saved and send.
5. You need not take tension of sending
statements regarding due payments to your
clients. It will do for you automatically.