Invoice vs receipt: What's the difference?

An invoice is a request for payment. Whereas a receipt is the proof of payment. Examples: Buy a coffee in a cafe, you will get a receipt Get a tradie to do some plumbing and they will send you an invoice.

What's an invoice number?

An invoice number is just a unique identifier that many businesses add to their invoices when sending them to clients. Used as a way to track payments and keeping the business organised.

Regular invoice: If you run a business that is not registered for goods and services tax (GST), your invoices won’t include a tax component. They should not include the words ‘tax invoice’. Tax invoices: If you’re registered for GST, you must provide tax invoices. Tax invoices include the GST amount for each item along with some extra details.

What is an invoice used for?

An invoice is a document used for recording an agreement between a business and a customer. Invoices outline the product or service provided, the amount owed and the date due. Invoices include payment terms, bank details etc to help ensure the business is paid on time.

Small Business Resources › Tax Guide

SMALL BUSINESS GUIDES

Your guide to tax in Australia

Everything you need to know about the tax system, including Tax File Number, Taxable payments annual report and franking credits.

Queensland Stamp Duty Calculator

Are you buying property or a vehicle in Queensland? You’ll need to wrap your head around stamp duty (also known as transfer duty) in order to budget for your purchase correctly. Read on as we break down everything Queensland business owners and residents need to...

Queensland Stamp Duty Calculator

Stamp duty in Queensland can be a significant cost when buying a property or a vehicle for your small business. Read more.

Investment property tax deductions

If you’re planning on becoming a landlord, here are the investment property tax deductions to know. Read more.

Understanding Inheritance Tax in Australia

There is no official inheritance tax on assets in Australia, but you might still be on the hook for a few tax obligations. Read more here.

Fringe Benefit Tax (FBT)

Ever thought about providing your employees with non-cash benefits? Learn what fringe benefits tax is and how it affects your small business.

Understanding Import Tax In Australia

If your business needs to bring in goods from overseas, you’ll want to understand the different kinds of import tax in Australia.

Corporate Tax Rates In Australia

Australian company tax rates vary by business size. Here is what you need to know, and why a tax advisor can help.

Calculating Stamp Duty In Victoria (VIC) For Cars & Property

Buying a vehicle or property for your small business? Learn the stamp duty rates you will need to pay in Victoria.

Stamp duty on cars and vehicles in NSW

Buying a company car? Here is how much stamp duty in NSW can cost, depending on the vehicle.

Division 7A Explained

Division 7A makes sure businesses can’t disguise taxable shareholder income from the ATO. Here’s what you need to know.

Understanding Withholding Tax For Small Business

Withholding tax from employee paychecks is standard practice in Australia, so here’s what small businesses need to know.

Online Tax Return Guide

Filing your tax return online with the ATO is pretty straightforward these days, but there are some key things you need to know first.

GST guide

There’s a lot to get your head around when you’re starting a new business, and GST is just one bit most fledgling business owners will need to get to grips with. If you’re looking for help, download our free guide to better understand GST.