{"id":6620,"date":"2019-08-01T10:00:18","date_gmt":"2019-08-01T09:00:18","guid":{"rendered":"https:\/\/www.sage.com\/en-gb\/blog\/?post_type=sage_glossary&p=6620"},"modified":"2026-01-29T11:36:02","modified_gmt":"2026-01-29T11:36:02","slug":"what-is-an-invoice-payment","status":"publish","type":"sage_glossary","link":"https:\/\/www.sage.com\/en-gb\/blog\/glossary\/what-is-an-invoice-payment\/","title":{"rendered":"What is an invoice payment?"},"content":{"rendered":"
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\n\t\t\t\t\t\t\tGlossary definition<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t
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\n\t\t\t\t\t\tWhat is an invoice payment?\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t
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\n\t\t\t min read<\/span>\n\t\t\n\t\t\t

An invoice<\/a> is a document showing details of any goods or services sold and requests an amount payable for these services.<\/p>\n\n\n\n

It will also normally include the date, a unique invoice number, quantities and information about VAT<\/a>. Payment details and credit terms are also often included.<\/p>\n\n\n\n

Invoices are issued by your business to your customers and they will trigger the payment for the product or service you have supplied.<\/p>\n\n\n\n

Make sure you get this process right to increase your chances of getting paid on time and avoid awkward conversations<\/a> with your customers.<\/p>\n\n\n\n

Invoice payments can be made and requested in many ways.<\/p>\n\n\n\n

The popular route for many businesses is sending invoices electronically<\/a>, or e-invoicing.<\/p>\n\n\n\n

E-invoices are emailed to the customer with the same details as the paper version, and they include a way for the customer to pay the invoice directly from the invoice.<\/p>\n\n\n\n

You can also use your accounting software<\/a> to manage your invoicing.<\/p>\n\n\n\n

Common<\/strong> invoice requirements<\/strong><\/h2>\n\n\n\n

Your invoice should include everything that the receiving party might need to process your invoice. This limits the chances of your invoice being paid late<\/a> because of missing information.<\/p>\n\n\n\n

Your invoices should include these basic components<\/a> before you take the step to process an invoice:<\/p>\n\n\n\n