Invoice

2

minutes reading

What is an invoice?

An invoice is the same as a receipt and it is primarily used within B2B by companies with a CVR number.

Invoices are issued to customers/buyers when they have bought products or services from a supplier/vendor/seller. It is used to collect money from the buyer as well as for documentation in both the seller’s and buyer’s accounts. E.g., if a painter has painted your house, you will receive an invoice when the painter is done with his/her work.

Efficient invoice management can, among other things, help with getting a better overview and a more efficient and flexible approval process concerning cost invoices.

Content requirements and other facts about invoices

There are several legal requirements for the design of the invoice that you must comply with. An invoice must at least contain:

  • Invoice number
  • Date
  • Buyer’s name and address (and CVR number if it is a company)
  • The vendor’s name, address, and CVR number
  • Specification of the type, price, and quantity of the product or service
  • VAT amount and the total amount

An invoice can be sent and received both analog and digital. There exist numerous different types of invoices and ways to send them – standard invoices, e-invoices, proforma invoices, and more.

According to the Danish Bookkeeping Act, invoices that are part of a company’s accounting material must be kept for five years after the end of the financial year to which the invoices relate.

Want to know more?

What happens to the invoice when the buyer receives it? It must be somehow processed/handled in an invoice workflow which results in a payment of the invoice.

This is also known as invoice management, and our solution for this is Acubiz Invoice which result in an automated and digital workflow for your accounts payable and supplier invoice process.

Det er super, at I har styr på processerne!

Hvis I på et tidspunkt skal kigge jeres processer efter i sømmene, så har vi lavet et lille opslagsværk, som I eventuelt kan kigge i.

Hvis du udfylder formularen nedenfor, så sender vi et eksemplar til dig.

Den ultimative guide til: Expense Management
For at udfylde formularen, skal du først acceptere vores marketing cookies.
Klik her for at tilpasse dine valg af cookies.

Få en gratis demonstration

For at udfylde formularen, skal du først acceptere vores marketing cookies.
Klik her for at tilpasse dine valg af cookies.

Godt at høre, at I har mestret Expense Management!

Lorem ipsum…

For at udfylde formularen, skal du først acceptere vores marketing cookies.
Klik her for at tilpasse dine valg af cookies.

Get a free demonstration

To complete the form, you must first accept our marketing cookies.
Click here to customize your cookie choices.

Free and non-committal

To complete the form, you must first accept our marketing cookies.
Click here to customize your cookie choices.