Description: The term ‘invoiced’ refers to products or services that have been billed to customers, which implies that a formal document detailing the commercial transaction has been generated. This document, known as an invoice, includes essential information such as the description of the goods or services provided, the price, applicable taxes, and payment terms. Billing is a crucial process in the financial management of any business, as it allows for the recording of sales and facilitates the tracking of accounts receivable and cash flow planning. Additionally, invoices are legal documents that may be required for tax and accounting audits, underscoring their importance in regulatory compliance. In a business environment, the billing process can be manual or automated, using specialized software that simplifies the creation and sending of invoices as well as payment tracking. Proper billing management is essential for maintaining healthy business relationships and ensuring the financial sustainability of a company.
