Definition: An Invoice List details all invoices issued to customers, including amounts, dates, and payment statuses.
Importance: It provides a comprehensive view of revenue and outstanding payments.
Usage: Businesses use the Invoice List to manage receivables and ensure timely follow-ups.
Example:
"Sweet Treats" compiles its Invoice List:
- Invoice #101: $500 (paid)
- Invoice #102: $300 (unpaid, due)
- Invoice #103: $700 (partially paid)
The owner uses this list to identify unpaid invoices and follow up with customers.