Invoicing refers to the process of generating and sending bills or invoices to customers for products or services provided. It involves documenting the details of the transaction, including the quantity, price, and any applicable taxes or discounts. Invoicing is crucial for businesses to ensure timely payment and maintain accurate financial records. It streamlines the payment process, helps track outstanding payments, and facilitates efficient cash flow management. Various software and tools are available to automate and simplify the invoicing process, saving time and reducing errors.

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