Who Issues an Invoice?
An invoice is typically issued by the seller or service provider to the buyer or customer. The entity that provided goods or services generates the invoice as a formal request for payment. The invoice includes details such as the description of the products or services, quantities, prices, and any applicable taxes or fees. It serves as a clear and structured document outlining the financial terms of the transaction. Once the buyer receives the invoice, they are expected to review the details and remit the specified payment within the agreed-upon timeframe.
However, in some scenarios, particularly with certain business agreements, buyers might take the reins and issue self-billing invoices for the services they’ve received. This adds a layer of flexibility to the invoicing process.
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