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What are the differences between billing document and
invoice?
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Answer Posted / cspl
Invoice is document indicating to delivery goods and Billing
is a receipt of payment.
If we receive the goods from vendors that is called bill if
we give the goods to customer that is called invoice.
Bill means we have to pay the amount against bill invoice
means we have to receive the amount against invoice.
Invoice is for both: Vendor Invoice and Customer Invoice.
Billing = Accounts Payable = Goods/Services Received from
Suppliers or Vendors
Invoicing = Accounts Receivable = Goods/Services Delivered
to Customers.
| Is This Answer Correct ? | 8 Yes | 18 No |
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