There is a massive difference between a receipt and an invoice. One of the major is that an invoice is created before the payment to request the transactions of goods and products, while a receipt is created to prove that the transaction is being made. As you all know, an invoice is used to track the record of your sales. An invoicing software like invoice maker and invoice generator is operated to make the invoices easily.

In an invoice, you need to add the customer or client information, while in a receipt, you don’t need to enter your customer’s information like his name, address, and contact. An invoice is issued to request the payment of the product, while a receipt is given to the customer when the payment is received. Both invoices and receipts are used for sale purposes. But they serve a different process. An invoice is an alert for the client to make the payment on time, while a receipt is a confirmation of the amount paid by the customer or client.

What is a receipt?

As it is mentioned, a receipt is one which is created after the payment is made by the customer or client after buying the product and goods. It is basically a proof of payment between you and your customers. You can see the receipt given by shopping marts after you paid the amount of that product which you buy. It is easy to create receipts. The receipt needed less information than the invoice. It should be in hard form but can also be issued in soft form.

How to create a receipt?

It is easier to create a receipt than an invoice. In the receipt, you did not need too much information, like an invoice. You need to follow some easy steps to create a receipt.

● First thing is to add your company logo and name. Add some basic information like your company address and contact information.

● Next step is to add the sale date on which the product is being sold to the customer.

● Then add the name and price of the sold product.

● Add the discount given on that product.

● Then, at last, add the total amount paid, including sales taxes.

What is an invoice?

An invoice is used to track the sale record of your business. It is helpful for small businesses to keep a record of transactions without any errors or mistakes. By using software like invoice maker or invoice generator, you can create an exceptional invoice for your business without any errors. It proves to be helpful for getting your payment on time. It is a sale agreement between you and your client. Just add the basic details on the software, and they create the invoice. It is effortless work.

How to create an invoice?

You can easily create the invoice by using software like invoice generator. There are following steps that need to be followed for creating the invoice.

● The first step is to customize the invoice by using different fonts and colors. You need to customize in a unique and professional way that helps you enhance your business.

● Next thing is to add your company name or logo at the top. It should be highlighted and displayed in large fonts.

● After that, add your company name, address, and your contact information. You also need to add your client information like client name, address, and business.

● Then, you need to mention the invoicing number at the top right corner of the invoice. Invoicing number is used to identify your invoice. It is also helpful in keeping a record of your transaction.

● Dates are also mentioned on the invoice. These dates are helpful in making the record of the invoices. It is found that there are three types of dates mentioned on the invoice.

● After doing these steps, the next thing is to add the product information. It includes the serial number, product description, the quantity of the product, and the price of that product.

● After making the table chart about the products, the next thing is to mention the payment details like discounts given on those products, taxes, and due amount.

● Then you need to mention the payment terms on your invoice, like the payment methods used by your client.

● You can add the note at the end of your invoice. These explanatory notes include much information related to delivery.