The total amount may include the shipping costs and any other charges as per the terms. The total amount payable is the total amount of money that the customer is supposed to pay the supplier and should be stated in the invoice. The supplier must state the total amount of goods in the description, with each item having an independent amount in the invoice The total amount payable The invoice date is usually the date when the invoice was created, and it may be different from the date on which goods were delivered. The supply date and invoice date may vary but usually fall in a period within 30 days. The invoice should include the date when the invoiced goods were supplied to the customer. In case of any free items or discounts, the items should also be documented in the invoice. The invoiced goods by the company have to be clearly described and detailed information inclusive of the quantity and price.
A simplified VAT Invoice does not include the name and address of the customer, it basically only shows the amount the customer is expected to pay.
Include in an invoice the name and address of the customer that received your goods and services to enable your customers to claim VAT charged on goods delivered. It is advisable to include your company name, address, business logo, and contacts for branding purposes and to aid customers in contacting you in case of inquiries. The invoice number may include numbers and letters.
Invoice numberĪn invoice number is a unique numeral usually generated to identify a particular invoice to avoid replicating invoices. The word “Invoice” is written at the top of the document to distinguish it from other documents: the delivery note or credit note. The following features have to be captured in an invoice document when creating it: Invoice Contrary to receipts that act as proof of payment and purchase orders that indicate interest to buy goods and services, an invoice is used to request payment.Ĭomponents: What a Standard Invoice Should Include?Ĭertain features must be included in an invoice for it to be considered valid.
An invoice is vital for record-keeping and helps show the amounts transacted by a business at a particular period for accounting and tax compliance purposes. You are also supposed to fill in the nature of service and goods including the amount the buyer should pay, and then submit the invoice to the buyer for action to be taken.Īn invoice usually contains the list of the items or the services offered and the available modes of payment as agreed. An invoice template includes standard elements and features of a typical invoice, all you need to do is fill in the trader’s details or business information, and details of the buyer to personalize it. An Invoice is a document sent to a client by a business for charges of the goods supplied or services rendered.Īn invoice template is a specially designed document accessible online that is used to create an invoice.
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