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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?
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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.
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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. |
yes.
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I ignore all of them
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^best answer
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They are all about of equal softness and absorbancy - not nearly enough!
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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. |
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