Sales Invoices

A sales invoice is a document issued by an internal company to a buyer (an external organisation, another internal company or district) that outlines the details of a transaction, including the type and quantity of materials sold, the price per unit, total amount due, and payment terms. The invoice serves as a formal request for payment and records the sale for financial tracking and reporting.

A sales invoice is called a credit note if its total value is less than the total value of the previously issued invoice. (However, this does not apply if the previous invoice is a proforma, prepayment, accrual or non-commercial invoice.)

Sales invoices can be raised for Despatch Orders or open actions (see Repurchase Contracts), but not both in a single invoice.

Journal Entries for Sales Invoices

Creation of journal entries requires a chart of accounts to be configured for the Sales Invoice document type. See Charts of Accounts.