What Is The Difference Between Payment Voucher And Invoice?

1 Answers

Monica Stott Profile
Monica Stott answered
A payment voucher can come in many forms. They can be printed on paper, on a plastic card which often appears to be similar to a credit card or it could simply be a note. It can be seen as a receipt because money will usually be exchanged for a payment voucher. A payment voucher may also be given as some kind of token, for example, a customer may be given a payment voucher if they have experienced a problem. The voucher will be given as a form of compensation to ensure good relations remain between the customer and business manager. A payment voucher can often be thought of as money that can only be used with one specific company. A payment voucher signals that money has already been exchanged so it has a certain amount of monetary value. This means that it will not be necessary for the customer to pay again unless the item they purchase is of greater value than the payment voucher is worth.
While a payment voucher indicates that money has been exchanged, an invoice does the opposite. An invoice signals that a customer has already received their goods but they are yet to pay. Invoices are commonly used in business where customers regularly purchase products from another business. This regular purchasing builds up a relationship of trust between the buyer and the seller so they can afford to send a product before payment has been made. Invoices are very rarely used in personal shopping and likewise, vouchers are rarely used in big businesses. The invoice will include the amount of days the buyer has before they must pay the bill. It is considered bad business to not pay a bill on time but it does happen.

Answer Question

Anonymous