Q:

How do you make a billing statement?

A:

Quick Answer

A billing statement can be constructed using a variety of templates available online for free or through financial software applications available for purchase, according to Vertex42, Microsoft and Quickbooks. Some billing statement templates are basic, while others contain additional features needed for more detailed billing statements, notes Vertex42.

Know More

Full Answer

Small-business billing software applications available for purchase generally contain features needed for complex statements, but free online templates serve the needs of many small-business owners, Vertex42 notes. For example, many free online billing statement templates contain a column for recording an invoice number, payments received from the customer, and an amount column that can be used for payments, fees, credits and debits. Many free online billing statement templates are designed to work with Microsoft Excel. Some templates require a certain version of Excel or higher. Many also work with Excel for iPad. A billing statement generally includes the company name at the top and the customer's billing information beneath it. It also includes a statement date, statement number, customer ID and remittance address. There is also an account activity section, which shows the amount due and the payment due date. A billing statement also includes an account summary with detailed billing and payment history. An invoice, by contrast, does not include account history.

Learn more about Accounting

Related Questions

  • Q:

    What are medical codes for billing?

    A:

    Medical billing codes identify procedures, diagnoses and certain devices or equipment involved in the delivery and billing of health care services. The three major coding sets involved in medical billing are Current Procedural Terminology, Healthcare Common Procedures Coding System and International Classification of Diseases, 9th Revision, Clinical Modification.

    Full Answer >
    Filed Under:
  • Q:

    What is a statement of owner's equity?

    A:

    A statement of owner's equity is a financial document that shows the value of a business at the end of an accounting cycle. It is one of the end-of-period accounting records a business is required to complete.

    Full Answer >
    Filed Under:
  • Q:

    What is a single-step income statement?

    A:

    A single-step income statement is a simple income statement format in which all revenues are listed on one line and all expenses are listed on another. The difference is represented as net income. This format differs from a multi-step income statement, which offers more itemized details.

    Full Answer >
    Filed Under:
  • Q:

    What is a YTD profit loss statement?

    A:

    A year-to-date profit loss statement is a document that shows the incoming and outgoing money from January 1 of the current year to the date the document is being prepared. This statement is a tool used by business owners to determine whether or not the business is lucrative.

    Full Answer >
    Filed Under:

Explore