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- An invoice is a document requesting payment for goods or services, issued before payment is made, while a receipt is proof of payment issued after payment has been received. In simpler terms, an invoice is a "bill," while a receipt is a confirmation of payment.
- Here's a more detailed breakdown:
- Invoice:
- • Purpose: To request payment for goods or services provided.
- • Timing: Issued before payment is made.
- • Details: Includes itemized list of goods or services, quantities, prices, total amount due, payment terms, and due date.
- • Example: A company sends an invoice to a client listing the cost of a project and the payment terms.
- Receipt:
- • Purpose: To confirm that payment has been received.
- • Timing: Issued after payment is made.
- • Details: Includes date of payment, amount paid, method of payment, and sometimes a list of items or services paid for.
- • Example: A customer pays for groceries and receives a receipt as proof of payment.
- https://www.reddit.com/r/Entrepreneur/comments/akmfjp/comment/ef60n3a
- https://www.reddit.com/r/EnglishLearning/comments/1bx6acb/comment/kyaol3a
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