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Invoice |
Also found in: Dictionary/thesaurus, Legal, Wikipedia, Hutchinson | 0.01 sec. |
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Invoice Bill written by a seller of goods or services and submitted to a purchaser for payment. Invoice 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. See also: Receipt. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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In fiscal year 2001, the Department of Defense (DoD) paid $36 million in interest penalties to its vendors, making a clear case for an improved invoicing process with higher data efficiency. With netting, EIPP becomes a powerful global liquidity management tool that streamlines intercompany invoicing and enables large multinationals to overcome the vagaries of local payment infrastructures and practices when billing geographically dispersed customers. In both cases, an obvious link existed between invoicing and the sustainable existence of the enterprise. |
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