What is Invoice vs Bill?
An invoice is the document a seller gives a buyer asking for payment for goods or services, and the same document is a bill from the buyer's side.
Updated
Meaning
English
An invoice is the document a seller gives a buyer asking for payment for goods or services, and the same document is a bill from the buyer's side.
Roman Urdu
Seller jo kaghaz de kar paisa maangta hai usay invoice kehte hain, aur buyer ke liye wohi kaghaz bill hai.
Also called bill vs invoice, invoice meaning, bill meaning.
Example
A supplier sends a shop an invoice for 40 cartons. For the shop, the same paper is a purchase bill it must pay. At the counter, the shop gives its own customer a sale bill.
Same document, two sides
In everyday Pakistani speech "bill" is used for almost everything, including the receipt a customer gets at the counter. In accounting, the seller's document is an invoice, the buyer records it as a bill to pay, and a receipt proves payment was made. A sales tax invoice has extra required fields; see sales tax invoice.
In Nafaa
Nafaa makes the sale bill at the counter, records supplier bills as purchases, and prints receipts from one design. See receipt.
Related terms
- Invoice
An invoice is a document a seller issues to a buyer that lists the goods or services supplied, their prices and the amount due, usually with payment terms.
- Receipt
A receipt is the slip given to a customer as proof of payment, listing what was bought, the prices, any discount, the total and how it was paid.
- Sales Tax Invoice
A sales tax invoice is the invoice a sales tax registered person must issue for a taxable supply, showing the details the Sales Tax Act, 1990 requires, including both parties' registration numbers and the tax charged.