Invoice VS Bill

Invoice VS Bill

In doing business, entrepreneurs will need to make invoices to inform customers about the amount of goods or services. to show the amount that the customer has to pay It is an important document that must be carefully prepared because if there is an error in the information on the invoice, it may cause a big problem for the company or business. Because the invoices issued by the accounting department must be accurate, detailed, and clear, if compared to the invoices, it is considered to be the destiny of the company. Therefore, if there is an error about the bill, whether the details are not complete Or forgetting to send documents will lead to further damage. For example, in the case of a common problem, the bill to the customer is delayed from the billing schedule due to a holiday, causing the need to postpone the receipt. Money from the trading round may be 1 month or a new closing cycle, during which the payment from the customer, the company must be responsible for all expenses first. This has a serious impact on the financial situation of the company. But besides the invoice, what must come together is an invoice.

📍 Difference of billing and invoice

- invoice

Billing slip is a document that will be issued after an invoice has been issued. The company will be issued to customers due to the payment that has been notified in the invoice. The total payable balance and a summary of the total cost of the item.

- invoice

An invoice will be issued after every purchase or order is made. Details are informed to customers about List of all purchased products amount to be paid and due date

📍 Things to check for billing and invoice

Billing and invoice issuer information

- Name and address of the company or shop business

- taxpayer identification number and branch offices

- Contact number for the company or store business

- billing number on the invoice

- signature of the biller with the date of issuance of the document

Billing and invoice recipient information

- Name and address of the company or shop business

- taxpayer identification number

- Details of orders for goods and services, including the total amount due of all charges.

- clearly specify the payment due date