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How Do Invoices Work? A Practical Guide For Merchants

So what is an invoice? In its simplest form, an invoice (sometimes called a “sales invoice”) records the details of a business transaction. For example, let’s say a vendor provides a small business with office cleaning services. Each month, the service provider sends the business an invoice that details how much the company owes them for their cleaning services. The invoice also specifies the transaction’s payment terms. Keeping detailed invoice records is important, especially for potential IRS audits. Well-organized, numbered invoices will provide a “paper trail” that enables business owners to document their company’s income over a specific period of time. A well-prepared invoice performs four important tracking functions. Businesses of all types and sizes should find these tracking tools useful. Invoice formats can also vary by industry and vendor. Individual businesses and even freelancers may design their own invoices. There are also tools like SwipeSimple, which offers a range of payment solutions and equipment for small and medium-sized businesses. With the SwipeSimple invoicing solution, merchants can easily customize their invoices with their brand color and logo. To find out how Payment Depot and SwipeSimple can provide powerful invoicing and merchant account solutions at an excellent value, reach out to us today. To learn more about invoices, read our blog post: https://paymentdepot.com/blog/how-do-... #paymentprocessing #smallbusiness #b2b #creditcardprocessing #virtualterminal #merchantaccount #merchantprocessing #paymentdepot #swipesimple #invoices #invoicesolutions Visit our website: https://paymentdepot.com/ Facebook:   / savewithpaymentdepot   Instagram:   / paymentdepot   LinkedIn:   / payment-depot   Twitter:   / paymentdepot   CREDITS Icons: flaticon.com