Invoicing software is a program that generates a bill for products or services that businesses use to serve their customers an itemized receipt and establish the amount owed for products or services rendered. It creates a professional invoices that can be printed, mailed, or sent electronically to customers.
An invoicing system consists of invoicing software that is used to create and distribute invoices. Sage Accounting features invoicing software that can automate invoicing and provide payment options right on the invoice so you always get paid on time.
Invoices and bills are very similar. However, they are generally differentiated as follows: an invoice is an itemized document a seller provides to a customer or client that lists products and services rendered, and the payment terms of that transaction. A bill on the other hand, while the same document as the invoice, is typically what the customer refers to the invoice as. In other words, while virtually the same document, the seller refers to an invoice, while the buyer refers to the same document as a bill.
Online invoicing is a program hosted in the cloud that processes and automates invoicing functions, including the distribution of online invoices accessible via secure cloud hosting. It can automatically generate and distribute an invoice per the parameters set by the user.