sent to the supplier to inform them their invoice has been paid. Standardization Invoices and receipts can technically be produced from the same book. Or computerised record system. As a receipt where the customer has paid the complete bill could be called a zero balance invoice as there is $0.00 to pay. And an invoice were there is money to pay will be called an invoice for Xx amount. Invoice example. Sub Total $356.08 Tax. $23.73 Total $379.81 If the customer then pays the invoice a new record in the same book is made for the payment. It will be entered as -$379.81 Bringing the temporary customer account to zero. This record is the same as a receipt for payment. On a trade account one doesn’t always send the customer a receipt (after subsequent payment) this record is often done in the background in a computerised record system. (As the customer all ready has the invoice for their records. Some receipts will be formatted (receipt) Example; sub total $5.95 Tax. $0.39 Total $6.34 Payment cash. $6.34 Balance due. $0.00 Invoice finance Invoice credit is a line of business credit secured by customer invoices. See also Australian Business Number Bill of lading Cash collection Commercial invoice Document automation Dunning List of accounting roles Order (business) Order fulfillment Receipt :Category:Financial regulation References External links COUNCIL DIRECTIVE 2006/112/EC of 28 November 2006 on the common system of value added tax (merge revision version of 1 july 2013) Accounting source documents Business terms