The Credit Invoice is a essential commercial document used in Philippine business transactions where goods or services are provided on credit terms. It serves multiple purposes: as a tax document complying with the National Internal Revenue Code, as evidence of debt under the Civil Code, and as a credit agreement subject to Truth in Lending Act requirements. This document type is particularly important in business-to-business transactions and must include specific elements required by Philippine law, such as tax identification numbers, proper VAT documentation, and mandatory credit term disclosures. The Credit Invoice is commonly used in both domestic and international trade, requiring careful attention to Philippine Central Bank regulations and local accounting standards. It provides protection for both creditor and debtor by clearly documenting the terms of credit, payment obligations, and consequences of default.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies the creditor and debtor with complete legal names, addresses, and tax identification numbers
2. Background: Brief context of the business relationship and purpose of the credit arrangement
3. Definitions: Key terms used throughout the invoice and credit agreement
4. Invoice Details: Itemized list of goods/services, quantities, unit prices, and total amounts
5. Credit Terms: Specific credit amount, interest rates, payment schedule, and due dates
6. Payment Terms: Methods of payment, bank details, and payment processing information
7. Late Payment Provisions: Penalties, interest charges, and consequences of default
8. Tax Information: VAT details, withholding tax, and other applicable tax information
9. Representations and Warranties: Basic statements about the validity of the transaction and parties' authority
10. Governing Law: Specification of Philippine law as governing law and jurisdiction
1. Security Provisions: Used when collateral or security is required for the credit arrangement
2. Insurance Requirements: Included when specific insurance coverage is required for the credited goods
3. Early Payment Discounts: Optional terms for early payment incentives
4. Force Majeure: Added for longer-term credit arrangements to address unforeseen circumstances
5. Dispute Resolution: Detailed procedures for handling disputes, included in higher-value transactions
6. Assignment Rights: Used when either party may need to transfer rights or obligations
7. Electronic Communications: Added when parties agree to electronic invoicing and communications
1. Schedule A - Itemized Product/Service List: Detailed breakdown of products/services with specifications
2. Schedule B - Payment Schedule: Detailed payment timeline with installment amounts
3. Schedule C - Interest Calculation Method: Detailed explanation of how interest is calculated
4. Appendix 1 - Required Documents: List of supporting documents required for the credit arrangement
5. Appendix 2 - Contact Information: Detailed contact information for billing and payment processing
6. Appendix 3 - Tax Certificates: Copies of relevant tax certificates and registrations
Relevant legal definitions
Clauses
Relevant Industries
Retail
Manufacturing
Wholesale Trade
Construction
Professional Services
Information Technology
Agriculture
Automotive
Industrial Equipment
Consumer Goods
Electronics
Healthcare
Telecommunications
Relevant Teams
Finance
Accounting
Sales
Procurement
Legal
Compliance
Treasury
Credit Control
Tax
Commercial Operations
Accounts Receivable
Risk Management
Relevant Roles
Finance Manager
Credit Controller
Accounts Receivable Specialist
Tax Accountant
Financial Controller
Sales Manager
Procurement Manager
Credit Risk Analyst
Treasury Manager
Commercial Director
Chief Financial Officer
Billing Coordinator
Collections Manager
Legal Counsel
Compliance Officer
Find the exact document you need
Vat Invoice
A BIR-regulated tax document issued by VAT-registered businesses in the Philippines, recording taxable transactions and enabling input VAT claims.
Download
Repair Shop Invoice
A legally compliant Philippine repair services invoice detailing repair work, costs, and warranty information in accordance with local consumer protection laws.
Download
Purchase Invoice
A Philippine-compliant commercial document that records sales transactions and serves as both a payment demand and tax record, meeting BIR requirements.
Download
Small Business Invoice
A BIR-compliant invoice template for Philippine small businesses, incorporating all necessary tax and regulatory requirements for legal business transactions.
Download
Quotation And Invoice
A Philippine-compliant combined quotation and invoice document that meets BIR requirements for commercial transactions and tax reporting.
Download
Printable Mechanic Invoice
A Philippine-compliant mechanic invoice template for documenting automotive repairs, services, and associated costs, meeting local tax and consumer protection requirements.
Download
Invoice Packing List
A Philippine-compliant combined invoice and packing list document that details product information, payment terms, and shipping specifications for commercial transactions.
Download
Invoice For Hours Worked
A Philippine-compliant billing document detailing hours worked, rates, and payment terms for services rendered, meeting BIR requirements.
Download
Invoice For Work Completed
A Philippine-compliant invoice document that details completed work and requests payment, following BIR requirements and local tax regulations.
Download
Homestay Invoice
A legally compliant billing document for homestay services in the Philippines, detailing accommodation charges and related services in accordance with local tourism and tax regulations.
Download
Hotel Receipt Doc
A legally compliant hotel receipt document under Philippine law that records guest accommodation details, charges, and payment information.
Download
Auto Repair Bill
A Philippine-compliant billing document for automotive repair services that details services performed, parts used, and associated costs, meeting local legal and business requirements.
Download
Billing Report
A detailed financial document compliant with Philippine regulations that summarizes all billing transactions, payments, and outstanding amounts for a specified period.
Download
Car Service Receipt
A Philippine-compliant official receipt documenting automotive services rendered, including service details, costs, and vehicle information, meeting BIR requirements.
Download
Creative Invoice
A BIR-compliant invoice template for creative professionals in the Philippines, designed to document creative services, pricing, and payment terms.
Download
Construction Work Receipt
A Philippine-compliant receipt documenting completed construction work and payment, meeting BIR and construction industry requirements.
Download
Invoice Statement
A Philippine-compliant Invoice Statement that records sales or services rendered, meeting BIR requirements for commercial transactions and tax purposes.
Download
Vehicle Sale Invoice
A Philippine-compliant legal document evidencing vehicle ownership transfer, including vehicle details, party information, and transaction terms as required by LTO regulations.
Download
Editable Cash Receipt
A customizable cash receipt template that complies with Philippine BIR regulations and serves as an official record of financial transactions.
Download
Work Order Receipt
A Philippine-compliant document that formally records completed work or services, including service details, costs, and authorized signatures as required by local regulations.
Download
Dental Bill
A standardized financial document for dental services in the Philippines, detailing procedures performed and associated costs in compliance with local healthcare and tax regulations.
Download
Car Dealership Invoice
A legally compliant vehicle sales invoice document used in the Philippines, incorporating all necessary elements for tax and registration purposes.
Download
Bill For Services
A formal billing document for services rendered in the Philippines, compliant with Philippine tax and commercial regulations, used to request payment and document service delivery.
Download
Send Invoice
A formal invoice document compliant with Philippine tax and commercial regulations, used to request payment and record business transactions.
Download
Receipt For Cash Payment
A Philippine-compliant document acknowledging receipt of cash payment, meeting BIR requirements and serving as official proof of transaction.
Download
Official Receipt
A BIR-compliant Official Receipt document used in the Philippines as legal proof of financial transaction and tax compliance.
Download
Invoice Receipt
A Philippine-compliant document that serves as official proof of transaction and tax record, following BIR regulations for recording sales of goods or services.
Download
Invoice For Contractor Hours
A BIR-compliant invoice template for independent contractors in the Philippines to bill clients for hourly services rendered.
Download
Auto Invoice
A Philippine-compliant vehicle sales invoice document that records vehicle transfer details, pricing, and tax information in accordance with BIR requirements.
Download
Invoice For Sole Proprietor
A BIR-compliant invoice template for sole proprietors in the Philippines, including all required business and tax information.
Download
Invoice For Personal Services
A Philippine-compliant billing document for personal services rendered, meeting BIR requirements and local business regulations.
Download
Bill Ledger
A Philippine-compliant financial document that records and tracks all bill-related transactions, maintaining detailed chronological entries and balances.
Download
Vehicle Invoice
A legally compliant vehicle sales invoice document used in the Philippines, detailing vehicle specifications, parties involved, and transaction terms.
Download
Shipping Receipt
A Philippine-compliant shipping receipt documenting cargo acceptance and transport terms, serving as proof of shipment and chain of custody.
Download
Simple Rent Receipt
A Philippine-compliant receipt documenting rental payments between landlord and tenant, serving as official proof of transaction and potential tax documentation.
Download
Services Quotation
A formal business document governed by Philippine law that details proposed services, pricing, and terms offered by a service provider to a potential client.
Download
Sales Invoice Receipt
A Philippine-compliant sales invoice receipt that serves as official proof of sale and tax document, meeting BIR requirements.
Download
Time And Material Billing
Philippine-compliant Time and Materials Billing agreement template for charging based on actual time spent and materials used.
Download
Shipping Proforma Invoice
A preliminary commercial document for international shipments that complies with Philippine customs and trade regulations, detailing product specifications, pricing, and shipping terms.
Download
Quotation Doc
A Philippine law-compliant document detailing formal pricing and terms for products or services offered to potential buyers.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)