Receipt refers to the one form of payment paper in the business field issued when the buyer paid for the products or service to express that the buyer has paid the money and seller exactly receive that money for payment with paid seal on it.
Invoice refers to the similar form of payment paper to show that seller has provided the goods or services to the buyer already, but seller did not receive cash yet for payment.
Both receipt and invoice of the payment must contain information as the following:
- Address: specific place or market.
- Receipts or invoice number with the same suppliers
- Telephone: necessary for checking the accuracy.
- Date of transaction: important for the reference and follow-up by the auditor.
- Name of the seller's business.
- Description: fully written name of product or service
- Unit: number or measure of products or services.
- Unit cost: price per number or measure of products or services.
- Total Price of each products or services and total of all price on receipt or invoice.
- Name of buyer and signature
- Name of seller and signature
By: POK Panhavuth
