I've been putting together a no-nonsense free invoice generator, for people (like myself) that only occasionally send invoices. It's more-or-less a WYSIWYG editor, and the state is stored in the URL, so you don't have to worry about keeping track of where you stored your copy - if you've sent someone an email with the link, you've got a copy. This project was born out of the frustration of trying to generate an invoi…
Not be negative about bestfreevoice, or any other invoicing tool, but it always seems like developers and early-stage entrepreneurs don't understand invoicing. First major disconnect is that not every country uses invoices, but may use receipts instead. This is true for the USA for example, so many US devs (for example: Stripe in the early days) are not familiar with the concept of invoicing. Technically there is no…
I find this hard to believe. An invoice is a request for payment. A receipt is proof/confirmation of payment. Invoices sometimes double as receipts (or rather the other way around) when the payment is made immediately. But how can a country not have something that represents a formal request for payment by some future time?
I don't even understand this from an accounting perspective. What would accounts receivable and accounts payable even mean without this distinction? How would you date the respective journal entries if there is no distinction?