A retail sale invoice requests payment for any goods purchased by an individual or business entity. In some cases, the retail store will allow a business with an account with them to purchase as much product as they desire, and they’ll then bill the account holder with an invoice at the end of the month.
What is Retail Sales?
Retail sales is the final product put forth by a company for sale in a shop or store and includes any type of product sold, whether at a physical location or online. The trend in retail sales, either up or down, typically reflects the health of a company and, on a larger scale, the health of an economy. The United States Census Bureau publishes a report every month detailing the monthly status of retail trade.
Retail businesses track every element that goes into putting a finished product on the table. Companies document leads (referrals), customer behavior, sale count, and payments. A retail sale invoice plays a large role when tracking and requesting payments from customers, especially trusted repeat clientele.
Types of Retail
There are 10 retail categories that make up the majority of the industry:
- Food and beverage
- Motor vehicle and parts dealers
- Furniture and home furniture stores
- Electronics and appliance stores
- Building material and garden
- Health and personal care
- Gasoline stations
- Clothing and clothing accessories
- Sporting goods, hobby, musical instruments, and book stores
- General merchandise stores