Decision pointInvoicePayment Receipt
Purpose
Request payment for supplied goods or services.
Record payment that has already been received.
When to use
After billable work or an agreed billing milestone.
After money is received.
Who issues it
Seller or service provider.
The party that received payment.
Effect on balance
Creates or confirms an amount due.
Records a reduction or settlement of the balance.
Typical fields
Parties, dates, items, tax and totals.
Payment date, amount, method and invoice reference.
Recommended next document
Payment receipt or account statement.
Account statement or reconciliation.