# What is a self-billed invoice in Managed Payments?

When you use Stripe Managed Payments, Stripe acts as the merchant of record on your transactions and takes on responsibility for collecting and remitting indirect taxes on your behalf. As part of this arrangement, Stripe automatically generates a **self-billed invoice**, also called a **reverse invoice**, in your name each month.
## What is a self-billed invoice?
A self-billed invoice is a document that Stripe issues in your name, summarizing the sales you made through Managed Payments. Rather than raising an invoice yourself to document the services you provided, Stripe generates it on your behalf — because as the merchant of record, Stripe has complete visibility of your transaction data and is best placed to do so accurately.
Self-billing is a standard practice in merchant-of-record arrangements and is recognized in many jurisdictions for VAT and indirect tax record-keeping purposes.
This is one of three invoices Stripe issues each month for Managed Payments activity. For an overview of all three, see Which invoices will I receive for Managed Payments transactions?
## When and where can I access my self-billed invoices?
Stripe generates your self-billed invoice within the first ten days of each
month, covering all Managed Payments transactions from the previous month.
Download your invoices at any time from your Stripe Dashboard:
1. Go to [**Settings** → **Compliance and Documents**](https://dashboard.stripe.com/settings/documents)
1. Download the relevant monthly invoice
## Can I opt out of receiving self-billed invoices?
Yes. If you prefer to issue your own invoices, you can opt out by
[contacting Stripe support](https://support.stripe.com/contact).
If you opt out, Stripe will stop generating self-billed invoices for your
account. You'll be responsible for generating your own reverse invoice
each month, covering all Managed Payments transactions from the previous
month. Stripe may request copies of these invoices in the future, so
retain them securely.