Invoice Glossary

Learn key invoice, accounting, and automation terms explained simply.

VAT (Value Added Tax)

Understanding VAT on invoices: rates, calculation, and how automated parsing handles VAT extraction.

Credit Note

A credit note reverses or reduces a previous invoice. Learn when they're used and how NeuralParse handles them.

e-Invoicing

Electronic invoicing is becoming mandatory across the EU. Learn about standards and Bulgaria's timeline.

OCR (Optical Character Recognition)

OCR converts images and scanned documents into machine-readable text. Learn how modern AI goes beyond basic OCR.

EIK (Bulgarian Company ID)

EIK is the unique identification code for Bulgarian companies. Essential for invoice processing and NAP reporting.

Proforma Invoice

A proforma invoice is a preliminary bill sent before goods or services are delivered. Not a tax document.

Debit Note

A debit note increases the amount owed on a previous invoice. The opposite of a credit note.

Invoice Parsing

Invoice parsing is the automated extraction of structured data from invoice documents using AI or OCR technology.

IBAN

IBAN is the international standard for bank account numbers. Learn how it appears on invoices and how NeuralParse extracts it.