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If you're a company that plans to extend credit to your customers, you'll have to get familiar with invoice generation. The invoice is a bill to another business that lists the total amount due along with a breakdown of the items purchased. When it's time to generate invoices to send to your customers, you can make the process simpler by using templates in Microsoft Excel.

Sales Tax: Depending on your jurisdiction and type of business, the tax requirement can get complicated. Be sure to follow instructions from your local tax bureau and include the appropriate tax amount on the invoice. Pro tip: Use an invoicing software to manage your business activities, change tax settings as you want and make your tax time easier. Discount: If you are offering a discount to your valued customer, include the number here. They will appreciate it and remember good things about doing business with you.

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