In simple terms, an invoice is a document that records transactions between a buyer and a seller. This document includes details such as date of purchase, amount of money owed, and details of the product or services provided.
Tracking invoices through invoicing platforms such as Quickbooks or Xero can make it easier for you to keep a record of your company’s transactions and to track cash flow. These platforms offer e-invoicing (electronic invoicing), where you can create and send invoices to your customers electronically. This helps reduce human error and loss of documents.
