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An invoice typically includes the seller's contact information, the buyer's contact information, invoice number, invoice date, payment due date, itemized list of products or services provided, quantities, prices, total amount due, and any applicable taxes or discounts.
Invoices are essential for documenting transactions between buyers and sellers. They provide a record of the products or services exchanged, the agreed-upon prices, and the terms of payment. Invoices also serve as legal documents in case of disputes or for tax purposes..
An invoice is issued by the seller to request payment from the buyer for goods or services provided. It serves as a bill or statement of what is owed. A receipt, on the other hand, is issued by the seller to the buyer as proof of payment. It acknowledges that the payment has been received and typically includes details of the transaction, such as the date, amount paid, and payment method.