What is an invoice and how is it generated?

Problem Statement

You want to understand what an invoice and how is it generated is.

Scope

What is an invoice? How do I invoice my customer?

Summary

An Invoice is a document issued by the business to its customer, detailing out the services and/or products sold to them. It creates an obligation for the buyer to pay. It lists the items sold, their quantities, and the amount payable for each of them.

Solution

An invoice typically provides the following details:

• Details of the seller
• Details of the buyer
• Items sold, the corresponding quantity and unit price of each item
• Taxes or discounts
• The net amount payable by the buyer

Chargebee automates the entire process of invoicing, starting from a new subscription sign up, when the invoice is created, to all payments made between the merchant and buyer. Email notifications can be sent out as well, informing buyers of the transaction status.

The Invoices tab lists all the invoices that have been generated, with details of the invoice number, invoice status (Paid, Payment Due, etc.), credits applied, customer details, invoice date, invoice amount, retry attempt, etc. Click here to know more.