Invoice

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Invoice

An itemized statement or written account of goods sent to a purchaser or consignee by a vendor that indicates the quantity and price of each piece of merchandise shipped.

A consular invoice is one used in foreign trade. It is signed by the consul of the nation to which the merchandise is shipped. Such an invoice facilitates the entry through the destination country, since the quality and value of the shipment are verified prior to its arrival.

INVOICE, commerce. An account of goods or merchandise sent by merchants to their correspondents at home or abroad, in which the marks of each package, with other particulars, are set forth. Marsh. Ins. 408; Dane's Ab. Index, h. t. An invoice ought to contain a detailed statement, which should indicate the nature, quantity, quality, and price of the things sold, deposited, &c. 1 Pardess. Dr. Com. n. 248. Vide Bill of Lading; and 2 Wash. C. C. R. 113; Id. 155.

References in periodicals archive ?
Consequently, businesses using electronic invoicing by far improve the timing of VAT recovery on costs.
Invoice2go was founded in 2002 by an Australian small business owner who was frustrated by the lack of simple invoicing solutions.
Merchants using NMI's Electronic Invoicing system generate invoices with line by line detailed information.
In case of failure to meet the conditions for electronic invoicing system, if the registered person has issued and stored invoices electronically but has failed to meet the conditions relating to the prescribed procedure, besides other legal actions which may be taken for such failure, he shall be required to issue paper invoices till such time the Commissioner is satisfied that the electronic system of the registered person is capable of doing the job.
But evolving technology has brought a change in the way electronic invoicing is defined.
Combine this challenge with the vision of taking margin-enhancing, early-pay discounts (if only the approval process was fast enough), and it's easy to see why interest in electronic invoicing solutions has continued to grow over the years.
For fiscal 2005, BUMED will pay $3.66 per line of account (LOA) for electronic invoicing using WAWF versus $19.08 per LOA for paper invoicing.
Using electronic invoicing (e-invoicing) has a number of benefits: n Participants have reported a fall in average payment times as there is no need to wait for invoices to arrive in the post.
'Lack of standardised VAT invoicing rules has given rise to huge administrative burdens and considerable uncertainty for companies conducting business across EU borders,' said Michael Sheppard, VAT director at Deloitte's Birmingham office.
Worldwide Computer Products News-10 October 2003-New electronic invoicing software ships from ReadSoft(C)1995-2003 M2 COMMUNICATIONS LTD http://www.m2.com
In both cases, an obvious link existed between invoicing and the sustainable existence of the enterprise.
This report, titled "Outsourcing Invoicing Function ...