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Glossary Finance

Invoice

An invoice is a document a seller sends to a buyer listing what was supplied, the amount owed, the due date and how to pay.

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In more detail

A good invoice has a unique number, both parties' details, itemised lines, any tax, the total and payment terms such as "net 30" (due within 30 days). Legal requirements vary by country.

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See also

  • Glossary VAT (value-added tax)
    VAT is a consumption tax added to the price of goods and services at each stage of production, ultimately paid by the final consumer.
  • Glossary Net pay
    Net pay, or take-home pay, is what you receive after taxes and deductions are subtracted from your gross pay.
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