describe the objective and advantages of preparing invoice ??
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Preparing invoices is a process which many businesses will need to do, for their own and their customer's records. Invoices vary in their content and style and there is no set standard.
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Objective:
- The most basic purpose of an invoice is to provide a business and its client with data of sale.
- Businesses need to create invoices to ensure they get paid by their clients.
- Invoices serve as a legal agreement between a business and its clients
The key purpose of an invoice are listed below
- Bookkeeping
- Tax Records
- Legal Protection
- Marketing
- Tracking Inventory
Advantages:
- It creates a positive image of your company and brand
- Beneficial for legal purposes
- Professional
- It acts as a reminder to the client
- It helps you to get paid on time
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