Are you an EPFL student looking for a semester project?
Work with us on data science and visualisation projects, and deploy your project as an app on top of Graph Search.
Concept
Invoice
Summary
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-upon 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 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. To avoid confusion and consequent unnecessary communications from buyer to seller, some sellers clearly state in large and capital letters on an invoice whether it has already been paid.
From a seller's point of view, an invoice is a sales invoice. From a buyer's point of view, an invoice is a purchase invoice. The document indicates the buyer and seller, but the term invoice indicates money is owed or owing.
Within the European Union, an invoice is primarily legally defined by the EU VAT directive as an accounting voucher (to verify tax and VAT reporting) and secondly as a Civil law (common law) document.
An invoice should not be mixed up with Proforma Invoice that indicates commitment, intention, or prepayment request.
Invoices appear as one of the very earliest manifestations of written records in ancient Mesopotamia.
'A typical invoice may contain:
The word invoice (or tax invoice);
A unique reference number (in case of correspondence about the invoice);
Date of the invoice;
Credit terms;
Tax amounts, if relevant (e.g., GST or VAT);
Name and contact details of the seller;
Tax or company registration details of the seller, if relevant, e.g. ABN for Australian businesses or VAT number for businesses in the EU;
Name and contact details of the buyer;
Date of sending or delivery of the goods or service;
Purchase-order number (or similar tracking numbers requested by the buyer to be mentioned on the invoice);
Description of the product(s);
Unit price(s) of the product(s), if relevant;
Total amount charged with currency (symbol or abbreviation);
Payment terms (including one or more acceptable methods of payment, date the payment is expected, and details about charges for late payments, i.
Official source
About this result
This page is automatically generated and may contain information that is not correct, complete, up-to-date, or relevant to your search query. The same applies to every other page on this website. Please make sure to verify the information with EPFL's official sources.