Importance of invoice in a business

An invoice or bill is a commercial document issued by a seller to the buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer. An invoice indicates the buyer must pay the seller, according to the payment terms. The buyer has a maximum amount of days to pay these goods and are sometimes offered a discount if paid before.

In the rental industry, an invoice must include a specific reference to the duration of the time being billed, so rather than quantity, price and discount the invoicing amount is based on quantity, price, discount and duration. Generally speaking each line of a rental invoice will refer to the actual hours, days, weeks, months etc being billed.

From the point of view of a seller, an invoice is a sales invoice. From the point of view of a buyer, an invoice is a purchase invoice. The document indicates the buyer and seller, but the term invoice indicates money is owed or owing. In English, the context of the term invoice is usually used to clarify its meaning, such as "We sent them an invoice" (they owe us money) or "We received an invoice from them" (we owe them money).(From Wikipedia, the free encyclopedia)

That’s why invoice is very important in a business because it serve as evidence or your copy of your order. It is also important because it is your basis if there will be misunderstanding between you and the supplier. You may show your invoice as evidence. In part of the businessman, it is very important to them to issue an invoice to their customer because they can use invoice to know how many products sold and how many products left. Invoice is also like a written contract because it includes agreement between two parties. How many products, quantity, number of days to be paid and have a discount if the customer will pay before the due date? If there was an invoice there will be a clear business transaction between two parties. It can both give satisfaction to them.An invoice is considered very important because it shows that a transaction
has been made between the buyers and the seller. It is issued to the buyer without any extra charge and if the post sale
issues arises then invoice is considered as a major proof of transaction. The receipts given by the sellers on the retail outlets
are examples of invoices. Therefore, an invoice is the proof of the transaction.

effect of invoice to the buyer or business

An invoice or bill is a commercial document issued by a seller to the buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer. An invoice indicates the buyer must pay the seller, according to the payment terms. The buyer has a maximum amount of days to pay these goods and are sometimes offered a discount if paid before.

In the rental industry, an invoice must include a specific reference to the duration of the time being billed, so rather than quantity, price and discount the invoicing amount is based on quantity, price, discount and duration. Generally speaking each line of a rental invoice will refer to the actual hours, days, weeks, months etc being billed.

From the point of view of a seller, an invoice is a sales invoice. From the point of view of a buyer, an invoice is a purchase invoice. The document indicates the buyer and seller, but the term invoice indicates money is owed or owing. In English, the context of the term invoice is usually used to clarify its meaning, such as "We sent them an invoice" (they owe us money) or "We received an invoice from them" (we owe them money).

The impact of internet to business....

The Internet is a global system of interconnected computer networks that use the standard Internet Protocol Suite (TCP/IP) to serve billions of users worldwide. It is a network of networks that consists of millions of private and public, academic, business, and government networks of local to global scope that are linked by a broad array of electronic and optical networking technologies. The Internet carries a vast array of information resources and services, most notably the inter-linked hypertext documents of the World Wide Web (WWW) and the infrastructure to support electronic mail.

Trully internet has a big impact to business because through internet we can earn money. We can deal business through internet. We can easily have business transaction and earn money. "Within a few years, the Internet will turn business upside down. Be prepared—or die, says Matthew Symonds from http://www.economist.com/. He also added from e-commerce to e-business. Some companies are using the Internet to make direct connections with their customers for the first time. Others are using secure Internet connections to intensify relations with some of their trading partners, and using the Internet’s reach and ubiquity to request quotes or sell off perishable stocks of goods or services by auction. Entirely new companies and business models are emerging in industries ranging from chemicals to road haulage to bring together buyers and sellers in super-efficient new electronic marketplaces.