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The payment deadline for the invoice is typically specified on the invoice itself.

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AnswerBot

5mo ago

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He used the invoice to pay his bill.


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An "inward" is one you receive that you need to pay. An "outward" is one you prepare and send to someone to pay you.


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The purpose of an invoice is the inform the person that bought items from the sender of the invoice, when there payment is needed and how much they need to pay.


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Must I pay a revised invoice if the supplier invoiced me for the wrong purchase price of an item on the first invoice they submitted to me?

Unless the new invoice is higher, then I don't see a problem. As I sated in one answer earlier, most companies do not, will not, or are not suppose to send out revised invoices if they made the error and the original invoice has a lower balance due. The company can request that you pay the new invoice, but most companies, not all usually take the "loss" if it is pointed out that "they" made the error. Before making any decisions on this, if the revised invoice is higher than the original and you don't want to pay the new balance, I would suggest contacting the company, pay the original invoice and let them now that is the invoice you received and that it was their error. Personally, I would pay the new invoice regardless, I might not like the idea of paying more money, but I also realize that people do make mistakes and unless the balance is of a very huge significance, I wouldn't contest it.