Finom has a wide selection of plans from which you can choose the most suitable one.īut regardless of whether you use written or electronic invoices, they should be carefully monitored because they help you to quickly and correctly track the sale of your goods or services. For instance, Finom offers its customers the automatic creation and sending of invoices, as well as the subsequent control of cash proceeds on each invoice. However, now that all financial transactions are online, it will be much faster and more efficient to send an online invoice to the client. Mail and fax are the most common ways of invoicing. In addition, invoices are very important documents for internal accounting. They record taxable income and are required by authorities in many countries. However, any enterprise, regardless of what it sells and to what extent, has to invoice customers after the sale. Invoices are particularly common among companies with a high sales volume - typically, large producers or wholesalers. In essence, an invoice is a request for payment that includes detailed information about the transaction. When To Issue an InvoiceĪn invoice is a document issued by an organization to a client after the customer has been provided with products or services. In this article, we will explain what these documents are, how they’re different, and when they are used. However, their functions are very different. Both receipts and invoices are issued during the sale. Is an invoice a receipt? Despite the fact that every medium or small business owner has encountered these concepts, many of them still can’t answer this question clearly.

Invoice vs receipt