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An e-invoice is a document given to the buyer by the seller to collect payment. It includes the cost of the products purchased or services rendered to the buyer. E-Invoices can also serve as legal records, if they contain the names of the seller and client, description and price of goods or services, and the terms of payment.
The most important benefit of an invoice is the ability to keep a legal record of the sale. This makes it possible to find out when a good was sold, who bought it, and who sold it.
Payment tracking An invoice is an invaluable tool for accounting. It helps both the seller and the buyer to keep track of their payments and amounts owed.
A proper invoice is legal proof of an agreement between the buyer and seller on a set price. It protects the merchant from fraudulent lawsuits.
Analyzing invoices can help businesses gather information from their customers' buying patterns and identify trends, popular products, peak buying times, and more. This helps to develop effective marketing strategies.
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