Invoice vs receipt: What's the difference?

An invoice is a request for payment. Whereas a receipt is the proof of payment. Examples: Buy a coffee in a cafe, you will get a receipt Get a tradie to do some plumbing and they will send you an invoice.

What's an invoice number?

An invoice number is just a unique identifier that many businesses add to their invoices when sending them to clients. Used as a way to track payments and keeping the business organised.

Regular invoice: If you run a business that is not registered for goods and services tax (GST), your invoices won’t include a tax component. They should not include the words ‘tax invoice’. Tax invoices: If you’re registered for GST, you must provide tax invoices. Tax invoices include the GST amount for each item along with some extra details.

What is an invoice used for?

An invoice is a document used for recording an agreement between a business and a customer. Invoices outline the product or service provided, the amount owed and the date due. Invoices include payment terms, bank details etc to help ensure the business is paid on time.

Small Business Resources › Insurance Guide

SMALL BUSINESS GUIDES

Your guide to insurance

Everything you need to know about insurance to help you identify the specific risks your business faces.

Small Business Insurance Cost: All You Need To Know

As a small business owner in Australia, you not only want to earn a living but also protect what you’ve worked so hard to build. But because we can’t prevent the unexpected from happening, getting yourself set up with an adequate level of business insurance is a...