Feb 18, 2020 - 03:20 AM
Thanks for your question. Let me answer it to the best of my knowledge.
An invoice is a commercial document that specifies the transaction between a buyer and seller mentioning the amount of money owed by the buyer to a seller. Hence, from a seller's point of view, an invoice for the sale of goods and/or services is known as a sales invoice. And from a buyer's point of view, an invoice for the cost of good and/or services is known as a purchase invoice, if a purchase is on credit, then the invoice specifies the terms of the deal and available methods of payment. Type of invoices is as follows, a receipt, a bill of sale, debit note or sales invoice.
A commercial invoice is a legal document issued by a seller to the buyer in an international transaction and serves as a contract and it works as a contract and proof of purchase between the buyer and seller. Commercial invoices are constructed by a seller for the buyer, which encompasses the following information:
- Date, names, and commercial addresses of the seller and the buyer.
- Precise denomination and quantity of goods.
- Unit and total price of the goods in the agreed currency.
- Means and conditions of payment.
- Delivery terms of the goods (it refers to Incoterms published by the International Chamber of Commerce).
- Seller and buyer identification for VAT purposes (in intra-communitarian operations).
- Order reference number.
- Origin of the goods.
- Tariff code of the goods
- Means of transport.
- A signature by an authorized person at the seller´s company, if required by the buyer´s government.
Hope this answers your question.
Thanks and regards,