What's the Difference Between an Invoice and a Receipt?

An invoice is a request for payment sent before or when services are delivered, while a receipt is proof of payment provided after payment is received. Invoices include payment terms and due dates; receipts confirm the transaction is complete and paid.

Key differences:

  • Invoice = payment request (sent first)
  • Receipt = payment proof (sent after payment received)
  • Invoices include payment due dates and terms
  • Receipts show payment date and method used
  • Invoices may remain unpaid; receipts confirm closure

Send invoices to request payment with clear due dates and terms. Issue receipts after receiving payment to acknowledge transaction completion and provide customers proof for their records, expenses, or tax purposes.

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