It is a document that is handed over to the customer by the seller and it contains the details of the purchased product. The quantity of the purchased items and the rate of the product are also mentioned on it, it is given as a proof that the customer has paid the amount on which the both parties agreed. The invoice document also includes the payment terms if the customer has a few days to pay for the product, because the invoice is not always given to the customer when the full amount is paid to the seller. The time duration which is given to the customer is written on it and in some cases, the seller offers a discount if the agreed amount is paid prior to the deadline and that term is also mentioned in the invoice.
The invoice given by the businesses that offer the products like cars on rent is a bit different as it is prepared according to the time period for which the customer requires the items on rent. The hours or months are mentioned on the invoice with the amount decided per hour or per week. The invoice clears the confusions that may arise in the mind of any of the party and it eliminates the need of memorizing everything linked to the deal when taking something on rent. It is known as the sales invoice as well as the purchase invoice, the seller calls it as sales invoice while the person who purchases the item calls it as purchase invoice. There is a space for a few important things linked to the customer like the Identification number, the address and the phone number through which the seller can contact the customer. The date on which the item is purchased or rented is also mentioned with the amount due date, so that the customer faces no any doubt or confusion and pays the amount on time to avoid any issue. There are many template designs available on the internet and the individuals looking for it can get our assistance as they can find it here also.