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An invoice is a commercial document issued by a seller to a buyer. It outlines the goods or services provided, the amount due, and the terms of payment.
Invoices are essential for tracking sales, requesting payment, and maintaining accurate financial records. They also serve as proof of a transaction for tax and legal purposes.
While there is no universal standard, invoices typically follow a consistent structure to ensure clarity and compliance with accounting standards.
Yes, electronic invoices (e-invoices) are widely accepted and can simplify the billing process.
Invoice number, invoice date, seller's and buyer's contact details, description of goods or services, quantity and price per unit, total amount due, payment terms.
A PO (Purchase Order) number is a reference number provided by the buyer. It helps link the invoice to the corresponding purchase order.