The document helps to keep track of your business earnings, expenses, and other payments you’ve made to suppliers. As such, invoicing your customers has many benefits, as discussed below: Maintaining record Invoicing is a vital accounting procedure that facilitates internal audits and resources management. In addition, the invoice serves as a time-stamped record of the transaction between you and the specific buyer. An invoice is a document businesses use to record and track the purchasing of goods and services from suppliers. It is sent out to the customers to indicate why they should pay you money and as an official request for payment. An invoice is a billing statement where you record the products or services sold and how much the customer has paid for them.
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