The Short Answer

An invoice is a request for payment — sent before you've been paid. A receipt is proof of payment — issued after the money has changed hands.

What Is an Invoice?

An invoice is a formal document you send to a client asking them to pay for goods or services. It should include:

  • Your business name and contact info
  • Client's name and contact info
  • Invoice number (for tracking)
  • List of services/products with quantities and prices
  • Total amount due
  • Payment due date
  • Accepted payment methods

What Is a Receipt?

A receipt confirms that payment was made. It should include:

  • Your business name and contact info
  • Date of payment
  • What was purchased
  • Amount paid
  • Payment method used

Why Both Matter for Your Books

Invoices let you track who owes you money (accounts receivable). Receipts prove that money was received — critical for tax purposes. Both belong in your accounting records.

Create Both in Accountable

Accountable lets you send professional invoices and generate receipts in seconds. All your sales documents are stored in one place. Start free.