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

  • regulatory compliance

    Regulatory compliance is an organization's adherence to laws, regulations, guidelines and specifications relevant to its business...

  • Whistleblower Protection Act

    The Whistleblower Protection Act of 1989 is a law that protects federal government employees in the United States from ...

  • smart contract

    A smart contract, also known as a cryptocontract, is a computer program that directly controls the transfer of digital currencies...

SearchSecurity

  • RSA algorithm (Rivest-Shamir-Adleman)

    The RSA algorithm is the basis of a cryptosystem -- a suite of cryptographic algorithms that are used for specific security ...

  • remote access

    Remote access is the ability to access a computer or a network remotely through a network connection.

  • IP Spoofing

    IP spoofing is the crafting of Internet Protocol (IP) packets with a source IP address that has been modified to impersonate ...

SearchHealthIT

SearchDisasterRecovery

  • virtual disaster recovery

    Virtual disaster recovery is a type of DR that typically involves replication and allows a user to fail over to virtualized ...

  • tabletop exercise (TTX)

    A tabletop exercise (TTX) is a disaster preparedness activity that takes participants through the process of dealing with a ...

  • risk mitigation

    Risk mitigation is a strategy to prepare for and lessen the effects of threats faced by a data center.

SearchStorage

  • enterprise storage

    Enterprise storage is a centralized repository for business information that provides common data management, protection and data...

  • disk array

    A disk array, also called a storage array, is a data storage system used for block-based storage, file-based storage or object ...

  • optical storage

    Optical storage is any storage type in which data is written and read with a laser. Typically, data is written to optical media, ...

Close