Finance
Invoice
Also known as invoices, bill
The formal bill you send a customer listing what they bought and when payment is due.
Example
Sending an invoice with 30-day terms means you expect the money a month after delivery.
Related terms
DSO
The average number of days customers take to pay you. High DSO means profitable on paper but short of cash in reality.
Accounts Receivable
Money customers owe you for work already delivered but not yet paid for. It counts as revenue, but you cannot spend it until it actually arrives.
GST
India’s tax on the sale of goods and services. Once your turnover crosses the threshold you must register, charge it on invoices, and file returns.
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