Browse Definitions :
Definition

invoice

Contributor(s): Matthew Haughn

An invoice is a document listing billed goods and/or services that a provider presents to a customer.

Invoices provide customers with the amount of the total billing and itemize the details that make up the final charge. Charges listed on an invoice might include any taxes, stocking, shipping and handling fees and any additional charges on top of the initial requested goods or services. Invoices also list the quantities of individual items and their prices and often a  description. An invoice number must be a unique identifier (UID) within a given system.

Most often, invoices are for services rendered or goods delivered. Even in the event of advance billing, invoices generally represent the final charges and any negotiation is likely to be prior to order confirmation, except in cases of error. Invoices serve both as a demand for payment by the party offering the good or service and a record of a fulfilled contract when paid in full by the requesting party.

Increasingly, invoices are created and submitted online; processes involved may be automated through e-invoicing software.

This was last updated in April 2016

Continue Reading About invoice

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

File Extensions and File Formats

Powered by:

SearchCompliance

  • risk management

    Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings.

  • compliance as a service (CaaS)

    Compliance as a Service (CaaS) is a cloud service service level agreement (SLA) that specified how a managed service provider (...

  • data protection impact assessment (DPIA)

    A data protection impact assessment (DPIA) is a process designed to help organizations determine how data processing systems, ...

SearchSecurity

  • identity provider

    An identity provider is a system component that is able to provide an end user or internet-connected device with a single set of ...

  • firewall

    A firewall is software or firmware that enforces a set of rules about what data packets will be allowed to enter or leave a ...

  • encryption

    Encryption is the method by which information is converted into secret code that hides the information's true meaning. The ...

SearchHealthIT

SearchDisasterRecovery

  • business continuity plan (BCP)

    A business continuity plan (BCP) is a document that consists of the critical information an organization needs to continue ...

  • disaster recovery team

    A disaster recovery team is a group of individuals focused on planning, implementing, maintaining, auditing and testing an ...

  • cloud insurance

    Cloud insurance is any type of financial or data protection obtained by a cloud service provider. 

SearchStorage

Close