EVX Store – payment methods!
An invoice is a method or a record maintained by a particular company to maintain all the transactions of a particular company. Invoices are considered to be a very critical element in accounting. If any invoice goes missing or is left to be sent, then the whole balance sheet and the transactions of the company get an error in their record. Invoices help a particular company to have information about the customers who haven't paid the bill/debt till the date. And also gets to know which of the customers have paid in advance so that the customer needs to be given the benefit of it. An invoice is given by the product seller and received by the purchaser or consumer. Sometimes the consumer, in spite of paying the bill, returns the receipt to the seller by agreeing to pay the amount with interest in the mentioned time with his signature. Creating invoices assures the seller that he is gonna get paid by the buyer in the meantime. Earlier, the invoice used to be a paper mentioning the details about the product like quantity, price, color, etc., shipping address, and address of the buyer with zip code. In today's date, the format has remained the same, but now it can be sent through the internet through email or courier, which was not possible in the early days. Hence it has become easier with e-invoice to deal with clients in a quicker and easier manner. Invoice helps in payment track, and also it is said to be legal protection due to the track record maintained by the company. It helps in the process of tax filing as transactions records can be traced with invoices and also. Analyzing one's business becomes easier by keeping the check of profit, loss, credit, debt, and income and expenses. Sometimes an invoice is sent before a deal happens between the two parties. It is said to be a proforma invoice in which it was sent to a purchaser as an assurity that we are ready to have a deal with you. This generally happens when the deal is larger in quantity. The buyer needs the from the seller so that the seller can send his goods if the buyer is ok with the invoice. This was the general scenario of the invoicing process. Here, visit their website for details to check the products.