Types of Invoice

Invoice, sales, credit memo etc. are some common terms for any finance professional. However for a common man all this might sound tricky as chemistry labs. Having a clear understanding of such business day to day terms and their usage is important for its fundamental growth.

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An interim payment (an 'interim') is produced on a job where you have actually invoiced an amount that is to be removed the overall exceptional billable quantity for the work. An interim settlement can be created by: creating a deposit billing from the Financial tab of a job.

If you wish, you can choose to have "Past Due" invoices trigger an automated email to your clients. Many practices use this option to collect payments through the client portal. If you'd like to send your clients "Past Due" emails, just select the option: "Email clients when an invoice is past due.

Turning pro forma invoices into commercial invoices. With KashFlow, the pro forma invoicing process is simple: Issue your pro forma invoice to the customer. Once it’s accepted, convert the pro forma invoice into a commercial invoice with one click. That’s it. This works just as easily for multiple quotes.

A recurring invoice is a type of invoicing in which a supplier or merchant automatically charges a customer for goods or services at regular intervals. Recurring invoices are popular in modern businesses for the ability to automatically charge customers for an agreed amount for goods and services.