The Commercial Invoice
Financial Dictionary — Accounting Documents
Definition
The commercial invoice name is used internationally as a legal document to ship goods between merchants and usually contains the name of the exporting company and the importing company, the contents of the shipment, the amount collected and the terms of payment, sometimes including the name of the carrier and the order number. You can also see the definition of an invoice.
Detailed Explanation
A legal document used internationally to ship goods between merchants. It usually includes exporter/importer, shipment contents, amounts, payment terms, and sometimes carrier name and order number.
Common Uses
- Used to explain the concept in accounting and business contexts.
- Used when training staff or documenting procedures and policies.
- Used when training staff or documenting procedures and policies.
Practical Example
- Example: Teams reference **The Commercial Invoice** when defining terms in manuals, policies, or training materials.
Why This Term Matters
- Why it matters: Improves clarity and consistency across documentation and decision-making.