An invoice is a commercial document that itemizes and records the transaction of products or services between the seller and the buyer. An invoice is known as a professional way of asking for money. If the goods or services were purchased on credit, the invoice specifies the terms of the deal and provides the information on the available payment.
2. Contact Us: M: +91 9611 171 345
Definition and meaning of Invoice
Website: www.salesbabu.com Email: sales@salesbabu.com
An invoice is a commercial document that itemizes and records the transaction of
products or services between the seller and the buyer. An invoice is known as a
professional way of asking for money. If the goods or services were purchased on
credit, the invoice specifies the terms of the deal and provides the information on the
available payment.
An invoice ID or an invoice number is generated after a successful checkout by the
buyer or client. When the customer pays, the invoice number is noted on the sales
receipt and matched for clarity in payment made.
3. Contact Us: M: +91 9611 171 345
What is Invoice used for?
Website: www.salesbabu.com Email: sales@salesbabu.com
● Request timely payments for clients
● Keep track of the sales
● Keep track of inventory
● Record business revenue
4. Contact Us: M: +91 9611 171 345
What does an Invoice contain?
Website: www.salesbabu.com Email: sales@salesbabu.com
Name and address of the client
Date of invoice created
Invoice ID
Contact details
Description of items purchased
Payment methods accepted
Payment terms
5. Contact Us: M: +91 9611 171 345
Types of invoice in business
Website: www.salesbabu.com Email: sales@salesbabu.com
1. Standard invoice
2. Credit invoice
3. Debit invoice
4. Mixed invoice
5. Commercial invoice
6. Expense invoice
7. Final invoice
8. Past due invoice
9. Recurring invoice
10. E-invoice
11. Timespread invoice
6. Contact Us: M: +91 9611 171 345
Pros of invoice in business
Website: www.salesbabu.com Email: sales@salesbabu.com
1. Prompts your customer to pay you
2. Helps you to maintain legal records
3. Promotes positive and professional impression
4. Track entire payment process
7. Contact Us: M: +91 9611 171 345
Cons of Invoice in business
Website: www.salesbabu.com Email: sales@salesbabu.com
1. Incomplete information may lead to delay in payment
2. Late invoice means late payment
8. Contact Us: M: +91 9611 171 345
How to invoice a client?
Website: www.salesbabu.com Email: sales@salesbabu.com
1. Identify your customer
2. Include document details
3. Include items sold and delivered
4. Include advance payments, discount etc
5. Include shipping terms
6. Include terms of sale
7. Include payment terms
9. Contact Us: M: +91 9611 171 345
How can automated invoice software help business?
Website: www.salesbabu.com Email: sales@salesbabu.com
1. Customized invoice
2. Automate workflow
3. Store the details in cloud
4. Improves customer relations
5. Improve brand image
6. Multiple currency options
7. Create quotes
8. Automate Reports
9. Include tax, discount, offer, other expenses
10. Contact Us: M: +91 9611 171 345
How SalesBabu Sales Invoice can be beneficial for business?
Website: www.salesbabu.com Email: sales@salesbabu.com
Online SalesBabu sales management software helps you prepare invoices and manage all these
effectively. All the information right from the lead management till the final order dispatch. Therefore,
not even a minor detail is left unattended. Sales management through the software helps in preparing
quotations, checking credit limits, analyzing the pending payments and dispatch order to the customers.
You can raise invoice directly from the quotation or the sales order. You can also retrieve results like the
historical price list or previous invoice list. Thus, the software keeps all the information integrated in a
common platform so that they can be readily available anytime and anywhere.
11. Contact Us: M: +91 9611 171 345
Thank you for Visiting Us
Our Address
SalesBabu Business Solutions Pvt. Ltd.
No.38/11, 3rd Cross, G Block, Sahakarnagar, Bangalore – 560092
Tel: +91 9611 171 345 ,
Mobile: +91 9341 323 571
E-mail: sales@salesbabu.com
Website: www.salesbabu.com
Read More
3 Highly Influential Business Software Tools For Small Business
Manufacturing CRM- Bridge Between Demand & Supply
After Sales Service Solutions In Weighing Industry
Copyright Reserved @ 2019 SalesBabu Business Solutions Pvt Ltd.