![]() These are also known as COMMERCIAL INVOICES. Good example of this is SM Bills Payments. In addition to the Official Receipt, you may use a supplementary receipt called Acknowledgement Receipt if the money you received is not intended for you and you’re transparent with your cost.ĭoing this will lower your tax liabilities as a service provider. When you’re engage with sale of services and/or leasing of properties, it’s not necessary to issue sales invoice. Official Receipt is use for sale of service and/or leasing of properties.Įxamples of business that issue Official Receipt are Restaurants (Dine-in) and Professionals like accountants, doctors, lawyers, and graphic artist. ![]() Once you received the payment for selling your goods and/or properties on account (credit), you need to issue a supplementary receipt called Collection Receipt. Collection Receipt (supplementary receipt)Ĭash Sales Invoice is a written admission that money has been paid and received for the payment of goods and/or properties.Ĭharge Sales Invoice is issued when your goods and/or properties are sold on account (credit).Sales Invoice is use for sale of goods and/or properties.Įxample of business that issue Sales Invoice are Food Kiosk (Take-Out) and Retail stores like hardware and drugstores.Ĭash Sales Invoice and Charge Sales Invoice fall under this definition.įor people who also sell on account (credit), it’s better if you have three (3) Invoice and Receipts: Sales Invoice is good as Official Receipt. What is the Difference between Sales Invoice and Official Receipt? 1. Invoices and/or Receipts are classified into two (2). ![]() If you want to learn the difference between Sales Invoice and Official Receipt and avoid paying unnecessary penalties, this article will be beneficial for you.
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