Discover an Example of Invoice Receipt for Businesses that Simplifies Your Workflow

Example of invoice receipt for businesses

hi I'm Jean and this is the English experience [Music] our topic for today is Billy and we're going to discuss just three things a bill an invoice and the receipt let's start with a bill I could say each month I pay my gas bill my electric bill my water bill my cell phone bill so then what is a bill a bill is an amount of money owed for good supply or services rendered this is given to a client usually in the form of a written or printed statement in business sometimes particularly with contractors there is an issue of billable versus non billable hours your billable hours are the amount of your time that can be charged to a client so it's the amount of time that you work that you can reasonably ask for a compensation for this is a time that was actually spent working on the job on the opposite hand you have non billable hours and that would include breaks or personal time vacation time any time that is spent unrelated to the job so you have billable hours hours that you can ask to be paid for and you have non billable hours for things that you do that are not related to the job now let's talk about an invoice what is an invoice an invoice is a list of goods sent or services provided with the statement that tells the amount that is owed for those services for example you may receive an invoice if you take your car to a mechanic and maybe the mechanic has to buy a new tire for your car so he would want you to pay for the tire and he would also want you to pay the time that it took him to fix the car so this would be written in a written statement and then it would have a total a sum or an amount of money due for the parts and the services that the mechanic provided note although these two words have some slight differences in meaning sometimes native speakers will use them interchangeably and they may call a bill an invoice or they may call an invoice a bill the last thing that we will discuss is a receipt so a receipt is a writing acknowledging the receiving of goods or money for example if you go shopping after you purchase your items they will hand you a receipt and that receipt is proof that you have paid for those items so a bill and an invoice they're quite similar because both of them have a statement and it shows how much money is owed how much money you are asking or how much money someone is asking from you the amount that you must pay but a receipt is different a receipt is proof that you have already paid if you enjoyed that video please leave a comment hit that like button and subscribe if you would like to see more videos about business English or if there are certain terms or words that are unfamiliar to you please leave me a comment in this section below [Music] you