A document was given to the buyer that lists the products and services for the business and establishes a duty for the client to pay it. The following detail includes the cost of the product purchased or services rendered to the buyer. It can also serve as the legal records when it contains the name of the seller and its client, product description, price of goods or services, and terms of payment.
Why do we use it?
An invoice serves as the important purpose of small business accounting. It provides the documentation of all your business financial history which helps you to track all the revenues flowing into your business through sales and can help you gauge your profits and cash flow. Invoices set your payment terms and enable you to get paid faster for your services.
Details to be present in Invoice:
An e-Invoice contains details and information of the transaction including the details of both supplier and the recipient.
Name of the invoice
Sum of items
Purchase order Excise duty
Business registered with VAT, supplying the taxable or a mixture of standard or exempt goods or services to another VAT registered business, then the VAT invoice needs to be provided. Under VAT in UAE, a Tax Invoice is to be issued by all registrants for taxable supplies to other registrants
Create, send invoice & get paid instantly. Create Invoice. Manage your customers. Record payments, Instant Notifications
To create an invoice in the Foloosi Dashboard: