Here are the main differences between an invoice and a receipt: The key differences between an invoice and a receipt are the time at which they’re each issued and the purpose they serve. What’s the Difference Between an Invoice and a Receipt? ![]() A receipt serves as documentation for the buyer that the amount owed for the goods or services has been paid. An invoice tracks the sale of a business’s goods or services. Importance of Invoices and Receipts in Businessįrequently Asked Questions Is an Invoice a receipt?Īn invoice is not a receipt and the key difference between the two is that an invoice is issued before payment as a way of requesting compensation for goods or services, while receipts are issued after payment as proof of the transaction.
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