An outgoing invoice is an invoice a company sends to a customer when they have sold a product or service on credit.
The invoice is documentation of the sale and have a set due date for the payment . If the customer does not pay within the agreed time, you can send a reminder or, in the worst case, have to take the case to debt collection.
What is the difference between an outgoing invoice and an incoming invoice?
Simply put: An outgoing invoice is an invoice that your company sends. An incoming invoice is an invoice that your company receives. Usually, we just say “invoice” as a collective term for the two.
How are outgoing invoices recorded?
All companies with an obligation to keep accounts must record outgoing invoices in their accounts. When you send invoices and keep accounts with Conta, it’s very simple: All invoices you send are automatically recorded.