faturë

A faturë is a commercial document issued by a seller to a buyer that itemizes goods or services provided and requests payment. It serves as a record for accounting, a basis for tax calculations, and evidence of a sale. In practice, it can be issued on paper or electronically, and formats may vary by country and industry.

A typical faturë includes a unique invoice number, issue date, seller and buyer names and addresses, tax or identification numbers, a description of each item or service, quantities, unit prices, any discounts, subtotal, tax rates and amounts, the total amount due, payment terms, and the payment due date. It may also reference a purchase order, the currency, and delivery or service dates.

Common types include standard invoices for ongoing or one-time sales; pro forma invoices, which estimate prices before a sale and are not a formal demand for payment; credit notes, used to correct or cancel previously issued invoices; and recurring invoices for subscriptions or retainer arrangements.

Role and compliance: In many jurisdictions, issuing invoices is required for tax purposes and to maintain accounting records. Invoices support tax calculations, auditing, and customer rights. Many businesses use electronic invoicing systems and may be subject to archiving, data retention, and invoicing standards or formats set by authorities.

Etymology and usage: The term faturë is Albanian for invoice or bill, derived from broader linguistic influences in the region. The word is used in business and administrative contexts across Albanian-speaking areas. English equivalents include invoice, bill, or statement of account.