What is the meaning of purchase bill?

A purchase bill, also known as a sales invoice, is a document issued by a seller to a buyer, detailing the products or services purchased, their quantities, prices, and terms of sale. Purchase bill discounting is a financial service offered by companies like Mynd Fintech, where businesses can get immediate funds by selling their outstanding purchase bills at a discount to a financial institution. This helps businesses manage cash flow efficiently. Mynd Fintech provides seamless purchase bill discounting solutions, ensuring businesses have access to working capital when needed.

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