An invoice is a document a seller issues to request payment for supplied goods or services. It normally identifies the parties, invoice number and date, line items, taxes, total amount, currency, payment terms, and payment instructions required to settle the transaction.
Quick reference for Invoice
| Check | What it means for the transaction |
|---|---|
| Category | Orders, invoicing, accounts payable and accounts receivable |
| Record to keep | Link the order, delivery evidence, invoice, approval, adjustment and payment reference that belong to the same transaction. |
| Do not infer | An approved invoice or recorded payment does not by itself prove that funds have settled or that the open balance is reconciled. |
Trade finance connections
An unpaid invoice may support invoice financing or invoice factoring, subject to delivery evidence, customer acceptance and the finance provider’s eligibility rules.
