A source document that tells the business how much and when to pay a vendor for a purchase on account is called a purchase invoice. A purchase invoice is an invoice that is used with a purchase order. It is used to indicate how much money the buyer owes the seller. A purchase invoice is also commonly known as a bill, statement, or sales invoice.
A purchase invoice is usually issued just like any other type of bill you may receive. It describes the products purchased, the quantity of each item, and the price of the products. They also usually indicate payment terms. A purchase invoice can also be converted to create a purchase estimate. This is for customers who want to explore the price structure before deciding to buy. This purchase estimate will serve as a good idea of what any potential upcoming invoice might include.
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