These invoices note such things as the billing period and previous payments submitted in addition to any past due balances. Utility invoice - A type of invoice which is specifically used by utility companies including electricity, water and sewage companies, as well as telephone and internet providers. As the name suggests, these track the time spent on projects for billing purposes. Timesheets - Invoices utilized by independent contractors such as consultants, lawyers, and tutors who charge on an hourly basis. Progress invoice - Often used in the construction industry, these are incremental invoices that detail the progress of long-term projects and let customers know how much they currently owe. These also contain an itemized description of the products or services, prices, payment terms, and due dates. Standard invoice - Basic invoice which contains an invoice number and critical information about the buyer and seller. To understand the unique features of a commercial invoice, compare it to other popular invoices: Sometimes a buyer puts funds into an escrow account until a shipment is received, then they show the commercial invoice to their bank to have the funds released for payment. In addition to this, if anything is lost or broken in transit, the invoice can be a crucial supporting document for resultant insurance claims.

Generally, the destination country reviews a commercial invoice before allowing the shipment into the country. Commercial invoices have a greater purpose. They instruct the buyers regarding how much they owe, providing options for paying the bill, so they help the seller collect payments. Commercial Invoices vs Other Types of InvoicesĪll invoices are intended to provide records of business transactions.

Commercial invoice ups template