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Commercial Invoice

   Also found in: Legal, Acronyms, Wikipedia, Hutchinson 0.01 sec.
Commercial invoice
Bill for merchandise sold.

Commercial Invoice
A statement given by a seller to a buyer itemizing the sale and demanding payment. A commercial invoice may be for the sale of a good or a service. The commercial invoice usually states the names of the counterparties, 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. A commercial invoice is also called a bill or simply an invoice. See also: Receipt.


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Limited by their pay office and the services or supplies they offer, vendors can create commercial invoices, services invoices (services 2-in-1), supply invoices (combo: receiving report and invoice), and/or cost vouchers, etc.
Starting at $25,000, EX-TRA's export order processing features include: pro forma and commercial invoice capabilities, automatic calculation of price extensions, automatic store and recall translations in foreign languages and various modes for altering standard information on-screen without affecting the master document.
For example, the Finance Module will enumerate all the elements (line items) of an original order and, in turn, trigger the generation of other documents such the packing list, ASN (advance ship notice), the bill of lading, the commercial invoice and the service invoice.
 
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