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Invoice2go is a mobile and web app designed as a simple invoicing, expense-tracking, and reporting tool for micro and small business owners. Headed by Silicon Valley veterans CEO Mark Lenhard [citation needed] and CFO Sean Deorsey, [2] this software processes $24 billion in transactions each year and is used by over 220,000 customers in more than 160 countries.
An invoice, bill, tab, or bill of costs is a commercial document that includes an itemized list of goods or services furnished by a seller to a buyer relating to a sale transaction, that usually specifies the price and terms of sale., quantities, and agreed-upon prices and terms of sale for products or services the seller had provided the buyer.
The company was founded in 1983 by Scott Cook and Tom Proulx in Palo Alto, California. [12] [13] [14] [15]Intuit was conceived by Scott Cook, whose prior work at Procter & Gamble helped him realize that personal computers would lend themselves towards replacements for paper-and-pencil based personal accounting. [16]
A commercial invoice is used to calculate tariffs, international commercial terms, and is commonly used for customs purposes. Commercial Invoices are generally not needed for shipments between EU Countries—just between EU Countries and non-EU Countries. [3] Commercial invoices in European countries are not normally for payment.
Once the account is set up, the business is ready to start funding invoices. Invoices are still approved on an individual basis, but most invoices can be funded in a business day or two, as long as they meet the factor's criteria. Receivables are funded in two parts. The first part is the "advance" and covers 80% to 85% of the invoice value.
Gratis (/ ˈ ɡ r ɑː t ɪ s /) in English is adopted from the various Romance and Germanic languages, ultimately descending from the plural ablative and dative form of the first-declension noun grātia in Latin. It means "free" in the sense that some goods or service is supplied without need for payment, even though it may have value.
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