Invoice

An invoice is a commercial documentation of an amount due to a debtor. An invoice typically includes a list of items or services rendered, and states their price/quantity.

Today invoices are often electronic, e.g. by attaching a PDF-document to an email. However, the transaction can also be automated by using standard formats for electronic invoicing. Frequently used solutions include the Danish standard OIOXML or the international standard Edifact. Legally, there is no difference between an invoice sent out electronically or by post.

The payment terms stated on the invoice state the guidelines for the payment.

Invoice in TimeLog Project

Depending on the configuration of the system administration (F10) it is possible to create and change invoices either in TimeLog Project’s Project administration (F8) or under Management Reports (F9).

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