Editing Invoice (section)

{{Short description|Document issued by a seller to a buyer with terms of a sale transaction such as amount due}}
{{For|the Japanese company|Invoice (company)}}
{{Use dmy dates|date=March 2020}}
{{Admiralty law}}

An '''invoice''', '''bill''', '''tab''', or '''bill of costs''' is a [[commerce|commercial]] document that includes an itemized list of [[product (business)|goods]] or [[Service (economics)|services]] furnished by a [[sales|seller]] to a [[buyer]] relating to a sale transaction, that usually specifies the price and terms of sale, quantities, and agreed-upon [[price]]s and terms of sale for products or [[Service (economics)|services]] the seller had provided the buyer.<ref>{{cite book |title=Black's law dictionary |date=2019 |publisher=Thomson Reuters |location=St. Paul, MN |isbn=978-1539229759 |edition=Eleventh}}</ref>

[[Discounts and allowances|Payment terms]] are usually stated on the invoice. These may specify that the buyer has a maximum number of days to pay and is sometimes offered a discount if paid before the due date. The buyer could have already paid for the products or services listed on the invoice. To avoid confusion and consequent unnecessary communications from buyer to seller, some sellers clearly state in large and capital letters on an invoice whether it has already been paid.

From a seller's point of view, an invoice is a ''sales invoice''. From a buyer's point of view, an invoice is a ''purchase invoice''. The document indicates the buyer and seller, but the term ''invoice'' indicates money is owed ''or'' owing.