BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -It includes the cost of the products purchased or services rendered to the buyer. Invoices can also serve as legal records, if they contain the names of the seller and client, description and price of goods or services, and the terms of payment.

Detailed explanation-2: -Essentially, the cost per invoice is the total expense incurred by your Accounts Payable department, divided by the number of invoices processed by the department over the same time period, to work out how much it costs to process one invoice.

Detailed explanation-3: -A company may send you an invoice for services performed but upon receipt you see it as a bill. Using the word invoice can imply that payment terms, such as NET-30 days, have been established-whereas a bill is a simple statement of what is due now.

Detailed explanation-4: -The invoice price is the actual price that the end-customer retailer pays to the manufacturer or distributor for a product. However, in many industries, the “invoice cost” actually varies from the “net purchase cost, ” or the actual price of a product.