Invoices: What You NEED TO KNOW

Everything you need to know about the Invoice. In this episode of Accounting Basics you'll learn what an Invoice is, why it's important and what's typical invoice format.

Invoicing is an essential part of any business whether you're working for yourself or for a corporation. If you want to get paid you've got to know what an Invoice is and how to use it.

In this Invoice tutorial, you'll discover the key features of an Invoice template. Invoice number, date and amount? All of these Invoice terms will be explained in full.

⏱️TIMESTAMPS
00:00 - Intro
00:50 - What is an Invoice?
01:48 - Why are Invoices important?
02:41 - What do Invoices look like?
04:55 - When to Invoice?
05:09 - Invoices vs Receipts
05:30 - Sales Invoice vs Supplier Invoice vs Purchase Invoice
05:50 - Are Invoices legally binding?

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#invoice #accountingbasics #accountingstuff

[wassimawess]

Yo, much appreciation, i finally found someone that explains exactly what an invoice is and actually understood what the hell he's talking about.

[AccountingStuff]

I've had a few people asking for more videos explaining basic Accounting terms. Are there any that you would like me to cover?

[jennyatkinson]

I live in Japan and recently got a job that includes accounting affairs, which must be done in English and is a totally new field for me.
This video helps learn the basics of invoicing. Easy to understand. Thank you for your brilliant work!

[lantrabs]

I live in Canada. I used to work for a company that does wholesale selling and I agree with you. We gotta make sure that invoices are signed or else the customers will deny the existence of the invoice and won't pay it. Really a pain in the ass. Thank you for this video. I was looking for AR/AP topic and somehow ended up here lol.

[critter_core]

My mom isn't paying me for walking the dog unless I do a stupid invoice lmao

[Vlvn]

preparing for an interview as an administrative analyst working with invoices, this was a good refresh on some accounting basics that i wouldve lost if i relied purely on academic experience, thank you

[Surixo]

I’ve made my first invoice! Feeling like a smart little cookie. You did scare me when you said invoices aren’t legally binding so people can still refuse to pay you. Am hoping I get paid for my contract work

[cdmanor]

New business owner and this was extremely helpful. Thank you so much.

[pukhtoongaming]

Really appreciate your work and your method of teaching is amazing 😊

[Graceh]

Thank you for this. I was genuinely quite nervous about making invoices for the first time but I feel much better about it now. Have a great weekend.

[UweDreiss]

Great video explaining all the details about correct invoicing. However, I think QuickBooks, Xero and Freshbooks are often overblown for a lot of small business owners. They're complex and require quite a bit of learning to not mess up things. A simpler invoicing-only system such as InvoiceBerry is not only easier to get used to, but it helps the business owner to focus on their job and leave some of the heavier accounting part to their accountant/bookkeeper at the end of the year.

[LotusGlaze]

Much gratitude. Im starting a business and want to do things properly and professional this gave so much clarity ! Thank You

[ModernDayMania]

I never knew I'll be involved in this field. Great video for dummies, thanks so much!!!

[momentshub]

Amazing backstage work on graphics/video/effects. Like for every video!

[babur]

Was looking for some videos about saving important papers like expired licences, invoices etc as too difficult to keep all of them, happened to see your video. It was interesting to watch. Your explanation is very good.

[zainpatel]

I started as an accounting apprentice today and your videos have been really helpful. I have been subbed for a while and appreciate the knowledge

[Clara-yx]

Thanks this help, I finally got a job in accounting after a long time of searching, one of my main tasks are basically issuing invoices for our clients and enter them in the accounting software system, I never done this before, but it looks easy enough.

[juniorcoder]

Thank you for teaching the world, i have successfully created an accounting system using your videos

[Siapagani]

This video is awesome!
Your way of explaining is really simple and straightforward, plus the video is short, short and simple is the best all the way! Really appreciate you 😊

[beansb]

This dude is so easy to understand, I have not yet watched a video of his and not understood it by the end.