invoice payment

Settling a bill

Invoice payment is the act of settling an amount owed as specified on an invoice—the document itemizing goods or services provided and their costs.

The term appears in business and accounting contexts: We process invoice payments within 30 days, The vendor is waiting on invoice payment.

Payment may be made by check, bank transfer, credit card, or other methods, depending on the agreement between parties.

Related

check · transfer · bank transfer · wire · outstanding · overdue · past due · final notice · settlement · balance · accounts · vendor · statement · pay stub · processing · cleared · pending · amount

Categories
Opposites
direction of funds

invoice paymentbilling

Charging for services rendered

invoicing · accounts receivable · charge · revenue collection · collection

transaction lifecycle stage

invoice paymentpurchase order

Buyer's formal acquisition document

billing cycle · service delivery · quote · estimate

financial obligation status

invoice paymentnonpayment

Failure to settle debts

outstanding debt · accounts payable · payment default · overdue payment · delinquent account

Family

invoice, payment, invoices, invoiced, invoicing, payments, paying, payable, payer

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Concrete · Everyday, not technical · Rated G