Lapasar
Finance & Payments

Invoice

Also known as: Bill

An invoice is a document a supplier issues to a buyer requesting payment for goods or services delivered, listing what is owed and the terms.

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An invoice states the supplier and buyer details, a unique invoice number, the items or services supplied, quantities, prices, taxes, the total due and the payment terms. It is the formal request for payment and a key accounting record for both parties.

In procurement, invoices are validated against the purchase order and goods received note before payment. Consolidated invoicing — one invoice covering many orders — reduces the volume of documents finance teams must process when buying across many categories through a single platform.

Frequently asked questions

What is an invoice?
An invoice is a supplier's formal request for payment, listing the goods or services delivered, quantities, prices, taxes, total due and payment terms.
What is the difference between an invoice and a purchase order?
A purchase order is issued by the buyer to order goods. An invoice is issued by the supplier afterwards to request payment for those goods.

Explore related across the knowledge graph

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