Also IFBInvitation for Bid More. Generally, this term is equivalent to Request for ProposalAlso called RFP. A type of procurement document used to requ... More or Invitation to TenderA document proposing to meet a specification in a certain wa... More. However, in some application areas, it may have a narrower or more specific meaning. Invoice. Non-negotiable commercial instrument issued by a sellerA provider or supplier of products, services, or results to ... More to a buyerThe acquirer of products, services, or results for an organi... More. Also called a bill of sale or contract[Output/Input]
A contract is a mutually binding agreement... More of sale, it identifies the both trading parties and lists, describes, and quantifies the items sold, shows the date of shipment and mode of transport, prices and discounts (if any), and delivery and paymentCompensation of an obligation, or reimbursement, by giving o... More terms. A typical invoice contains:
- The word invoice (or Tax Invoice if in Australia and amounts include GST)
- A unique reference number (in case of correspondence about the invoice)
- Date of the invoice
- Tax payments if relevant (e.g. GST and VAT)
- Name and contact details of the sellerA provider or supplier of products, services, or results to ... More
- Tax or company registration details of sellerA provider or supplier of products, services, or results to ... More (if relevant)
- Name and contact details of the buyerThe acquirer of products, services, or results for an organi... More
- Date that the productAn artefact that is produced, is quantifiable, and can be ei... More was sent or delivered
- Purchase order number (or similar tracking numbers requested by the buyerThe acquirer of products, services, or results for an organi... More to be mentioned on the invoice)
- Description of the product(s)
- Unit price(s) of the product(s) (if relevant)
- Total amount charged (optionally with breakdown of taxes, if relevant)
- PaymentCompensation of an obligation, or reimbursement, by giving o... More terms (including methodA method provides a consistent framework within which projec... More of paymentCompensation of an obligation, or reimbursement, by giving o... More, date of paymentCompensation of an obligation, or reimbursement, by giving o... More, and details about charges late paymentCompensation of an obligation, or reimbursement, by giving o... More)
- The US Defense Logistics Agency requires an employer identification number on invoices.
- The European Union requires a VAT (value added tax) identification number on invoices between entities registered for VAT.
- If sellerA provider or supplier of products, services, or results to ... More and buyerThe acquirer of products, services, or results for an organi... More belong to two different EU countries, both VAT identification numbers must be on the invoice in order to claimA request, demand, or assertion of rights by a seller agains... More VAT exemption.
- In the UK, if the issuing entity is not registered for VAT, the invoice must state that it is “not a VAT invoice”.