invoice

[Former Member]

Hi,

wht is meant by invoice?

wht is open and closed invoice?

regards,

kb

[Former Member]

Hi,

hope it will help you.

An invoice or bill is a commercial document issued by a seller to a buyer, indicating the products, quantities and agreed prices for products or services with which the seller has already provided the buyer. An invoice indicates that payment is due from the buyer to the seller, according to the payment terms.

From the point of view of a seller, an invoice is a sales invoice. From the point of view of a buyer, an invoice is a purchase invoice. The document indicates the buyer and seller, but the term invoice indicates money is owed or owing. In English, the context of the term invoice is usually used to clarify its meaning, such as "We sent them an invoice" (they owe us money) or "We received an invoice from them" (we owe them money). The word is also used as a verb ("I invoiced you for that product last month.")

An open invoice is one that has not been paid and a closed invoice is one that has been paid (the complete field contains a Y).

reward if helpful,

kushagra

[Former Member]

thanks a lot