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what is an invoice what is a receipt how are they different and what do you put on them welcome to bullseye money the channel that helps business owners like you understand finance and today were going to learn about the difference between invoices and receipts when youre new to business invoices and receipts may seem like the same thing because they both relate to payments but there is a critical difference and it all has to do with the purpose of each document so lets take a look at an example lets say youre a plumber you have just finished fixing a pipe in a customers bathroom now you want to get paid this is when you give your customer an invoice for the work you have just done so the purpose of an invoice is to seek payment from your customer an invoice may look something like this and will include details such as the invoice date the due date for payment the invoice number the name and details of the supplier in this case mikes plumbing services details of how the customer
