A product invoice template is a commercial document issued by the seller to the buyer that specifies the amount and cost of the products that have been provided by the seller. The document relates to the sale transaction and specifies the product, quantities, tax charges and agreed cost of goods that the seller has provided to the buyer. A product invoice format sets an obligation on the part of the purchaser to pay and creates an account receivable. Usually an invoice is sent to every client who purchases a product and it is a bill for purchasing from your company as well as notification to the consumer to pay you.
Importance of Product invoice
A product invoice is a document sent by a seller to the buyer after the goods or services have been delivered. This document is of great importance as it acts as conformation slip which confirms the product is delivered to the buyer. It includes all the information about the seller, buyer and the products or services sold, including their quantities and prices. It is legally binding after both sides have agreed to the conditions and is also non-negotiable. A product invoice contains all the terms and conditions which buyer and seller are bound to follow.
Details of Product invoice Template
Generally, a product invoice template is the written verification of an agreement between the seller and buyer of the products. Normally it indicates what must be paid by the buyer according to the payment terms and conditions of the vendor. The document also allows you to add as many parts to the invoice as you like and easily track your invoices by consumer. The basic purpose of product invoice is to track a sale of a product for inventory control, accounting, tax purposes and document the transactions. These printable invoice templates are crucial part of your business bookkeeping and accounting record keeping process because they record sales transactions.
