in no particular order
> Does it work like Woocommerce
No, because that would be somewhat pointless as woocommerce already exists and there would not be much use in duplicating it (although of course it works like an ecommerce shop, if that’s what the question was about)
> …Notifications… invoice etc…..
it does a lot of those things and more. I cannot really comment if this is what you are after in all detail as only you will know what you need.
That said, it’s a free plugin, so I would suggest to just download and install it somewhere to see if it fits your needs