Billing Statement Template: Fill & Download for Free

Business Plan TemplateInvoice TemplateCredit Notes templatePurchase OrderBreak Even analysisExpense Budget SpreadsheetService InvoiceSales InvoiceBilling StatementPrice Quote templateCash receiptCash flow statementProfit and LossSome of the templates mentioned above can be download for free from here: https://www.invoiceberry.com/accounting-templates

The short answer is this: it depends on who’s doing the talking.An invoice and a bill are documents that convey the same information about the amount owing for the sale of products or services, but the term invoice is generally used by a business looking to collect money from its clients, whereas the term bill is used by the customer to refer to payments they owe suppliers for their products or services.One of the main differences between an invoice and a bill is the information it contains. Invoices usually follow a set invoice template that includes:The word ‘invoice’A unique invoice numberThe date of issueThe invoice due dateYour business name or trading name, address, and contact details.Your customers’ contact detailsDetails of the goods or services provided (including the price and a brief description)The total amount dueInvoices may also need to contain information about sales tax (e.g. VAT and GST) or industry-specific deductions.On the other hand, while bills also include details about prices and taxes, they don’t usually contain information about the customer (except perhaps a table number if issued in a restaurant).Similarly, while invoices must always be assigned an invoice number that is used for financial reporting, tax purposes, and accounting, many bills aren’t numbered, and if they are, these numbers are usually only used for the business’s own administrative records.Businesses send out invoices to customers, or invoice them for products or services. Recipients of those invoices generally refer to them as bills, and record them for payment as such.And there’s another key difference between how people use the terms “invoice” and “bill”. When sending an invoice to a customer, it’s pretty likely that the business in question in extending credit. The customer pays after they’ve already received a product or service.However, bills are more likely to be paid upfront, and immediately. If you had a restaurant, you can expect to receive the bill immediately – instead of an invoice at a later date.

The top business cash flow problems can dramatically impact your ability to grow, and they’re more common than you may think. Negative cash flow happens when a business is putting more cash out than it is taking in, often due to out of sync credit terms. When a business extends longer terms to its customers than it receives from its own suppliers, a cash gap appears during the difference in those payment terms. Other common cash flow problems include an inability to pay immediate liabilities, inability to move inventory, short-sighted decision-making, and an inability to grow the business.The key to overcoming cash flow problems is prevention. Cash flow forecasting helps you identify potential shortfalls and understand their causes, so you can proactively find solutions. Make cash flow forecasting a regular and integral part of your business planning. You can learn how to begin forecasting your cash flow here. Additionally, you can download a cash flow statement template that you can then populate with your company’s information from here:https://get.fundthrough.com/cash-flow-statement-template/Cash flow strategies can then help you manage your cash flow, to ensure you’re always able to pay your bills and maintain the growth of your business. Cash flow strategies like asking for a deposit or requesting longer payment terms from your suppliers can help strengthen your cash flow over the longer term. Typically, immediate cash flow problems are solved with an immediate injection of cash into your business. A cash flow solution like invoice factoring can get you through a negative cash flow situation without having to sell off capital assets, miss payroll, or jeopardize your valuable vendor relationships.If you’re interested in learning more about cash flow management or other cash flow-related topics, check out FundThrough’s Ultimate Cash Flow Guide.