An invoice is defined in a Webster’s dictionary as “an itemized bill for goods sold or services provided, containing individual prices, the total charge, and the terms.”

The invoice is often referred to as the sales invoice. However, the purchaser of the goods or services might refer to the invoice received from the vendor or supplier as a purchase invoice.

About the Author: Harold Averkamp (CPA) has worked as an accountant, consultant, and university accounting instructor for more than 25 years.

He is the creator of the AccountingCoach Pro which has been praised for its ability to simplify accounting in a way that anybody can understand.

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