faturat

Faturat is the Albanian term for invoices, documents issued by sellers to request payment for goods or services. They serve as a record of a sale and provide the basis for accounting, payment tracking, and tax reporting. A typical faturë includes: the date of issue and due date, a unique invoice number, the names and addresses of the seller and the buyer, a description of each item or service, quantity and unit price, line totals, any discounts, the applicable tax rate and tax amount, a subtotal, the total amount due, the currency, and payment terms and instructions. It may also reference a purchase order or delivery details.

Invoices commonly support tax collection, such as VAT or sales tax; they itemize tax amounts to support deductions and compliance. Many jurisdictions require certain information on invoices and mandate retention for audit and reporting purposes. Incomplete or inaccurate invoices can lead to penalties or delays in payment.

Electronic invoicing, or faturat elektronike, is increasingly adopted worldwide. Digital invoices are transmitted, stored, and archived securely, often with mechanisms to verify authenticity and integrity. Some regions require electronic invoicing for business-to-government or large-value transactions, while others encourage it for efficiency and traceability.

Related documents include credit notes and debit notes, used to correct previously issued invoices, and pro forma invoices, which provide price estimates before a sale. Businesses typically retain invoices for the period required by local law for accounting and tax records.