invoicing

Invoicing is the process of requesting payment for products or services provided. It involves creating a document called an invoice that details what was sold, the amount due, and the payment terms. This document acts as a formal bill sent from a seller to a buyer, often including payment deadline and methods. Invoices help keep track of transactions, ensure timely payments, and maintain clear financial records. They are essential for businesses to manage cash flow and fulfill accounting and tax requirements efficiently.