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hey its mike berner finance writer for business.com here to show you the key elements to include in an invoice so you get paid on time so be sure to stick around and dont forget to like subscribe and check out thebusiness.com website links below for more small business content [Music] lets start with the basics a sales invoice is defined as a formal request for payment so in other words a bill sometimes an invoice is sent before the goods or services are provided sometimes its sent afterward but in both cases it lists exactly what was provided by the seller and the amount that the buyer is required to pay now its not a legally binding document but it does provide a record in case disputes come up later so youre gonna want to send one every time you need a payment having these records helps you one keep track of sales two manage your finances and three no offer customers payment is overdue it might also be necessary for paying taxes later on so be sure to look into your local gov
