Invoice is a seller generated document indicating that what must be paid by buyer regarding purchase transaction made with company or seller. It is a commercial document showing amount of payment that a buyer be obliged to a seller before mentioned deadline or due date. Invoicing is vital part of each and every business because it helps a lot to get paid by customers on time. Through this way sellers and companies can prevent nonpayment by customers. Excel invoice templates are widely used by small businesses and individual sellers to generate professional looking invoices for customers.
Invoice can also be defined as a document printed with name and contact details of trading parties, list of goods or services involved, quantity, price per unit, total price, discount if any, total amount to be paid by buyer, payment terms and date of the transaction etc. It provides all basic details about the transaction as well as details about what the customer will need to pay on what time. Invoices are usually prepared for credit transactions and when an invoice is paid in full it becomes receipt. One can generate invoices for customers in MS excel for free.
Invoice can be a handwritten document prepared by seller manually or a printed document generated by computer. Companies with large business operations often use expensive invoicing software to make invoices automatically. If you cannot afford an expensive invoicing software for your business or company due to short budget then try to use our excel invoice template for this purpose. It is the best and cost effective alternative to costly computer program and software to generate professional looking company invoices. After making some basic changes in company invoice template, you can make the selected template perfect to use for your company.