What is the difference between a billing note and an invoice?
A billing note is a document that reminds a customer to pay by a specific date. It shows the total sum as well as product/service details.
An invoice is a document that displays the total cost of products or services and is issued after the project is finished. It contains information on the products or services, including their specifications and costs, as well as the payment deadline.
In some cases a business can use either a billing note or an invoice, or both of the documents. For example, if you sell a product to customers only once, you can send them an invoice. If your wholesale business delivers goods to customers many times, you will need to make multiple invoices and billing notes to sum up pricing for your customers.
How to issue billing notes and invoices?
1. Prepare a set of billing notes (original and copy paper), as well as an enclosed quotation, invoice, tax invoice or purchase order, if necessary.
2. Submit the documentation to your customer and have them sign it to confirm the payments. The original paper is kept by the client, while your company collects the copy.
3. After the customer makes a payment, the company issues a tax invoice or receipt and sends it to the customer.
What types of businesses should use billing notes and invoices?
Billing notes and invoices are always used in businesses that have determined credit term payments for customers.
Is my information safe?
Yes. FlowAccount utilizes a secure, world-class cloud storage system called Amazon Web Services, which is regularly backed up. Like any online app, users should choose a strong password and your own email address to login. FlowAccount does not share user information with third parties.