Commercial invoice

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Commercial invoice

Bill for merchandise sold.


A statement given by a seller to a buyer itemizing the sale and demanding payment. An invoice may be for the sale of a good or a service. The invoice usually states the names of the counterparties and the goods and/or services purchased, and adds any applicable sales tax or VAT. It may also include the terms of sale, especially if it is a credit sale. An invoice is also called a bill or a due bill. See also: Receipt.
References in periodicals archive ?
A first-to-market solution available since 2008, UPS Paperless Invoice has allowed thousands of customers to reduce the likelihood of customs holds by up to 41 percent and enhance their company's sustainability efforts by eliminating the need for paper commercial invoices.
Generally, the Consular invoice contains all the details that are covered in the commercial invoice and in the packing list, and is intended to serve as shippers' declaration of the value of the shipment.
The process of clearing credits related to commercial invoices involves matching those credits in the accounts payable account against corresponding items, in a separate accounts payable contra-liability account, which were previously entered at the time draws were made against letters of credit.
This option allows eBay sellers to submit required commercial invoices electronically, saving paper and speeding Customs clearance for their buyer's orders.
UPS Paperless(SM) Invoice - Allows shipments to clear Customs using electronic data in lieu of error-prone paper commercial invoices.
New services include images of: paid items, credits, lockbox checks, remittance coupons, remittance correspondence and commercial invoices.
merchants the option to submit commercial invoices electronically, expediting custom clearance while reducing the potential for international holds as well as saving ink and paper.
PkMS 2000R1 can support the generation of multi-lingual documentation, including packing slips, bills of lading, shipment manifests and commercial invoices, to enable centralised distribution into other countries.
Advanced functionality allows firms to build ISFs automatically from purchase orders and commercial invoices and, by design, the module electronically ties the final entry information back to the ISF filing for efficient recall when needed.
The system creates the necessary electronic documents, such as: purchase orders, pro forma invoices, ocean and airway bills of lading, and commercial invoices.
These firms report increased speed to market (or to production floor), real-time global visibility and compliance, automated reconciliation of purchase orders to commercial invoices, fewer fines, better audit results, lower logistic provider rates, reduced landed costs, and greater efficiency using QuestaWeb's GTM systems.
PkMS 2000R1 can support the generation of multi-lingual documentation including packing slips, bills of lading, shipment manifests and commercial invoices to enable centralized distribution into other countries.

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