Difference between invoice and receipt

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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sudharshan
Posts: 23
Joined: Thu Dec 07, 2006 1:01 am
Location: Czech Republic

Difference between invoice and receipt

Post by sudharshan »

hi,

can someone tell me what is the difference between an invoice and an a receipt with examples


Regards

sudharshan
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oteixeira
Posts: 451
Joined: Wed Aug 27, 2008 12:34 pm
Location: Portugal

Post by oteixeira »

Hello.

I assume you're talking about AR. An invoice is a document that you issue when you sell something to your customers. A receipt is a document that you record for the money your customer sent you to pay the invoice.

Octavio
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