An invoice, bill or tab is
a commercial document issued by a seller to a buyer,
relating to a sale transaction and indicating the products, quantities,
and agreed prices for products or services the seller had
provided the buyer.
Payment
terms are usually stated on the invoice. These may specify that the buyer
has a maximum number of days in which to pay, and is sometimes offered a
discount if paid before the due date. The buyer could have already paid for the
products or services listed on the invoice.
In
the rental industry, an invoice must include a specific reference to the
duration of the time being billed, so in addition to quantity, price and discount
the invoicing amount is also based on duration. Generally each line of a rental
invoice will refer to the actual hours, days, weeks, months, etc., being
billed.
From
the point of view of a seller, an invoice is a sales invoice. From the
point of view of a buyer, an invoice is a purchase invoice. The document
indicates the buyer and seller, but the term invoice indicates money
is owed or owing.
Referenced :
http://en.wikipedia.org/wiki/Invoice
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