Invoice Templates

Invoices are used to request payment from buyers, keep track of sales, help control inventory and facilitate the delivery of goods and services. ... Receipts are used by buyers or customers to prove they paid for an item, especially in return situations in which goods are faulty or defective.

Invoice processing is the entire process your company's accounts payable uses to handle supplier invoices. It starts when you receive an invoice and finishes when payment has been made and recorded in the general ledger. The invoice must either be scanned or manually entered into your ERP system.

The significant difference between the two is that the invoice is issued prior to the payment while the receipt is issued after the payment. The invoice is used to track the sale of goods or services. On the contrary, receipt acts as documentation for the buyer that the amount of the merchandise has been paid.

A standard (non-VAT) invoice must include:

• A unique invoice number. 
• Your company name and address. 
• The company name and address of the customer. 
• A description of the goods/services.
• The date of supply. 
• The date of the invoice. 
• The amount of the individual goods or services to be paid.

They do not have to relinquish administrative control of the invoices but will make payments with interest and fees to an invoice discounting company. DR stands for Debit. A DR stands for money owed. It's a billing term that is used often. ETA stands for Estimated Time of Arrival.