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A Guide to Invoices and Receipts
When a business starts trading, its customers must be provided with an invoice or receipt and copies of these sales invoices and receipts must be kept as evidence of the business' trading transactions.
Purchase invoices and receipts issued by suppliers must also be kept and used as proof of purchase.
This factsheet describes the difference between invoices and receipts and explains the different types of invoices a business can generate. It details the information that should be included on invoices and receipts and outlines some useful processes for managing invoices in a business.
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