Importance of Invoicing
Proper documentation of your transactions with sellers and buyers is crucial, not only for tax and regulatory purposes but also to ensure that you have a basis to start tracking money in and money out with an efficient and effective system.
The Invoices page, where you can track your Invoices.
What are the invoices?
Invoices are hardcopy or electronic documents that describe and record the transactions that have occurred. It furnishes essential details like the product name and model, unit price, discount, tax, and even payment terms.
How can an invoice help you get paid?
Invoices result in a financial impact on your business as the acknowledgment of these documents is evidence that your customer has purchased your goods or consumed your services rendered, and you have the right to collect your payment when it is due.
Date The invoice's due date and Shipment date
Why does fast invoicing matter?
Improve your workflow by efficiently creating invoices to provide your business with a competitive advantage.
By agreeing on the terms with sellers and buyers faster, you can quickly proceed to the transaction stage, allowing you to make the sale or purchase before other competitors do.
In the next article: Learn more about the difference between an invoice and a payment receipt.