Invoice
An itemized financial record of a transaction for the purchase of goods and services between a buyer and seller.
An invoice is a document issued by a seller to a buyer, detailing goods or services provided and the amount owed. In construction, timely and accurate invoicing is crucial for maintaining cash flow and ensuring financial health throughout the project duration.
Used in a sentence
Submit your invoice for the completed work to receive payment by the end of the month.
Synonyms/variation
Bill
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Construction Invoice Factoring: A Quick Guide
Construction companies need to maintain consistent cash flow. Projects can take years to complete, and delays and unforeseen events may keep expenses mounting. Adding to this load are typically high upfront costs, like materials, equipment and labor. One way to stay solvent while waiting for clients to make their final payments is construction invoice factoring. This […]
A Contractor’s Guide to Construction Invoicing
Invoicing in construction is complex. Unlike most retail companies that only require a simple bill of sale or list of line items on an invoice, most construction businesses have to provide a collection of detailed documents that provide proof of labor and materials supplied within the billing period. In this article, we explore the construction […]
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