Many entrepreneurs are probably familiar with commercial documents. Billing slip/invoice (Invoice), bill/bill (Bill) and receipt (Receipt) all of the above documents Have you ever heard But many entrepreneurs You may not be aware of the nuances of these documents. Therefore causing confusion and may result in Miscommunication, therefore, in order for you to be able to communicate and understand the referenced commercial documents. Then came to study the differences.
Billing slips/invoices (Invoice) are documents issued by operators to inform customers of the amount to be paid. and use it as a document for payment Mostly used with business types Product or service where credit is placed on payment
Bill/Bill (Bill) is a document used for collecting money. It is similar to an invoice. Because it is what will inform customers about the price of the product or service. When to pay This is because there is a list of products sold or services provided along with the amount due for each item and the total outstanding amount. Bills are often used for products and services that require payment in full. There are no outstanding payments.
Receipt (receipt) is a type of commercial document. A receipt is different from Billing slip/invoice and a bill that asks the customer to pay for the goods or services received. The receipt is a document/evidence that the service or product has been paid for. Therefore, the invoice (Invoice) or bill (Bill) comes before the payment. Once the money has been processed, you will receive a receipt later.
Differences of “Invoice, Bill and Receipt”
If you are a business entrepreneur You will need to send an invoice to the customer. In the case that you have already delivered the product or service After the customer has made payment, the seller must send a receipt to the customer. as proof of payment
On the other hand, if you are a customer, the invoice is a summary of the outstanding amount. It will inform you of the items. The amount owed and the period for payment. comes on the billing sheet/invoice (Invoice) and when you Upon successful payment for goods or services, you will receive a receipt (receipt) each time from the seller. As for bills/bills (Bill) or invoices, they are often used to inform payment. The cost of goods or services must be paid by the customer at that time.
An invoice is sent → The customer makes payment for the product or service → Receives a receipt.
The customer wants to pay for goods or services → receives a bill/bill document → the customer makes payment → Receive a receipt
In the case where the business operator is a seller of goods or services Have business partners who are government agencies or large private companies? and immediately need cash flow to enhance liquidity within the business I don’t want to wait until the commercial credit term is over. Such documents can be used to use the Factoring service (selling trade receivables) with AIRA up to 90% of the document value, quick approval, quick cash receipt.
Example of billing/invoice (Invoice)
Example of Invoice
Example of receipt
