State the purpose of each and the information contained therein.
Thanks guys answers appreciated
2007-03-18 11:59:43 · 8 answers · asked by Jack 2 in Business & Finance ➔ Small Business
An invoice is a billing document for a single transaction and contains an itemized list of goods or services purchased in that transaction. A statement is a listing of all the invoices issued on a particular customer's account for a particular period - usually one month.
2007-03-18 12:04:50 · answer #1 · answered by yancey35 1 · 1⤊ 2⤋
(On the part of a buyer) An invoice, classified either as a cash invoice or a credit invoice is a prenumbered document summarizing items or goods purchased under one transaction.
Statement (of Account) is usually a summary prepared by the seller of the credit invoices for purchases you made from that seller for a certain period to remind you that they are still unpaid, thereby giving you the deadline within which to make payment. I also carries over the unpaid balance from the previous statement to tell you the total amount owed.
2007-03-18 15:58:27 · answer #2 · answered by arienne321 4 · 0⤊ 1⤋
the invoice is the original demand for payment
a statement will show balance owing .. possibly from several invoices with credit for some payments ... to act as a reminder ... and in exceptional cases to record the debt for limitation purposes.
2007-03-18 12:07:33 · answer #3 · answered by hustolemyname 6 · 0⤊ 1⤋
An invoice is a request to pay. A statement is not.
2007-03-18 12:07:13 · answer #4 · answered by Anonymous · 1⤊ 0⤋
An invoice is one purchased amount for that particular day.
A statement is for many purchased amounts or more than one invoice-many invoices throughout the month at different dates or for whatever time period requested.
2007-03-18 12:05:56 · answer #5 · answered by Jeancommunicates 7 · 0⤊ 1⤋
an invoice is a "snapshot" of a purchase from a particular vendor.
a statement is an "album" of "snapshots" with a particular vendor, over a certain period.
2007-03-18 12:04:04 · answer #6 · answered by gonzotis 4 · 0⤊ 1⤋
usually and invoice states all charges, payments and details
A statement usually shows last payment, latest charges and balance, no details of the past.......
2007-03-18 12:02:00 · answer #7 · answered by Elizabeth L 5 · 0⤊ 1⤋
invoice is usually for one days transaction, a statement covers all transactions for a certain time period ( usually a month)
2007-03-18 12:02:28 · answer #8 · answered by Jess 2 · 0⤊ 1⤋