Difference between an invoice and a sales receipt

Learn the difference between an invoice and a sales receipt.

Are you wondering when you should use an invoice instead of a sales receipt? It's easy. Let us explain.

An invoice is used when your customer agrees to pay you later. You can set up terms to indicate how long the customer has to pay. If they don't pay within the specified time limit, their invoice is overdue.

A sales receipt is used when your customer pays you on the spot for goods or services.