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-   -   What is the difference between a bill, statement and an invoice? (http://www.peachparts.com/shopforum/showthread.php?t=375195)

HuskyMan 01-26-2016 02:01 PM

What is the difference between a bill, statement and an invoice?
 
Does anyone out there in accounting land know the difference between a bill, a statement and an invoice? If memory serves me right, statements and invoices are not signed whereas a true bill is signed by the biller?

link 01-26-2016 02:14 PM

Don’t know what you are after but a bill is typically a first notice of an amount due. An Invoice is the same thing. A statement usually reflects the current status of an account.

Simpler=Better 01-26-2016 03:31 PM

Invoice(aka quote)-you want XYZ, it's going to cost you $123

Bill-we did/sold XYZ, you owe us $123

Statement-These are the past ABC transactions we've had together, the $456 they cost, and where we stand now.

t walgamuth 01-26-2016 03:43 PM

yes.

iwrock 01-26-2016 05:16 PM

Quote:

Originally Posted by Simpler=Better (Post 3565599)
Invoice(aka quote)-you want XYZ, it's going to cost you $123

Bill-we did/sold XYZ, you owe us $123

Statement-These are the past ABC transactions we've had together, the $456 they cost, and where we stand now.

That sounds about right.

E150GT 01-26-2016 05:27 PM

I ignore all of them

link 01-26-2016 06:17 PM

^best answer

Mölyapina 01-26-2016 07:07 PM

Quote:

Originally Posted by link (Post 3565636)
^best answer

Yup!

INSIDIOUS 01-26-2016 11:46 PM

They are all about of equal softness and absorbancy - not nearly enough!

barry12345 01-27-2016 03:47 PM

If this is your last bill or notice as stated. Just throw it in the waste basket. Thinking that at least this is the last time I will hear from those suckers. .

Back on subject I consider an invoice as generally a more detailed accounting of the transaction described than a general bill. Although they can be almost identical as well.

A statement perhaps more of a general overall computation of dealng with the enterprise.

I also have no issues with the prior descriptions. We kind of consider them all as somewhat interchangeable. At the same time many corrected invoices leave no money owing. Again though you could say the same thing in general about the other two.

nate300d 01-27-2016 04:54 PM

Quote:

Originally Posted by E150GT (Post 3565627)
I ignore all of them

This reminds me of a very early Porky Pig cartoon where he plays a farmer. At one point he walks to his mailbox and removes the mail. Next he shuffles through the mail and then tears up all of the it and tosses it into the air. After that he 'looks into the camera' and says, "Bills".

dynalow 01-27-2016 05:33 PM

Quote:

Originally Posted by link (Post 3565580)
Don’t know what you are after but a bill is typically a first notice of an amount due. An Invoice is the same thing. A statement usually reflects the current status of an account.

And the statements frequently have aging. Days past due. Ours become enhanced, shall we say, the older they get.:D


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