May 11, 2007, Newsletter Issue #116: How do “Statements” and “Invoices” from my web design firm differ?

Tip of the Week

An "Invoice" is another name for a bill. When you request services from your web design firm, and invoice is generated and sent to the address on file with th Accounting Office of your web design firm. You can receive multiple invoices per month, depending on the level of services requested by your web design firm.

A "Statement" is a list of your account activity for a predetermined range of time. Usually, statements are sent to a client and only reflect any "open" transactions on your account with your web design firm. These transactions can be in the form of invoices sent, payments received, or credits open on your account with your web design firm. This is not a bill, and is used to show you the activity within your account. Statements from your web design firm are usually sent only once per month.

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