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An invoice is an itemized commercial document that records the products or services delivered to the customer, the total amount due, and the preferred payment method. The seller can send either paper or electronic invoices to the customer.
A statement is a document outlining all outstanding unpaid invoices (or bills) for a certain customer. Unlike invoices, statements are typically sent or made available at certain intervals. For example, many businesses send statements at the end of each month or quarter to individuals who have an outstanding balance.
A company may send you an invoice for services performed but upon receipt, you see it as a bill. Using the word invoice can imply that payment terms, such as NET-30 days, have been established whereas a bill is a simple statement of what is due now.
Start with your company details and client information. Add a unique invoice number, the invoice date, and the due date. Write a description for each of the services provided. Add up the total money owed. Include your payment terms and accepted payment methods. Thank your customer for their business.
A billing note is a document that reminds a customer to pay by a specific date. It shows the total sum as well as product/service details. An invoice is a document that displays the total cost of products or services and is issued after the project is finished.
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Bills provide limited details such as prices and VAT, invoices provide detailed information and are therefore legally binding. Bills are commonly used to pay for goods and services received instantaneously, invoices can be used for immediate transactions, but are also used to request payment before a pre-approved date.
A bill may be delivered immediately with payment expected quickly in return, whereas invoices may serve as part of a larger inventory tracking system to benefit customers and businesses. Key differences between bills and invoices relate to their details of the sale, documentation type, order numbers and payment terms.
How to make your invoicing process simpler and more effective Set your terms. Send invoices promptly. Use a clear, scannable invoice template. Double-check for errors. Offer multiple payment methods. Give your client a call to action. Automate the invoicing process. Use billing and invoicing software.

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