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Discover and compare top brands on our website. We provide unbiased reviews to help you select the best products. While we do receive advertising fees from some brands, we also review non-affiliated brands. Our comparison table is influenced by factors such as advertising fees, conversion rates, reviewer opinions, and product popularity.
Important Notice: Our reviews, ratings, and scores serve as informative tools only and may not be entirely precise. Despite possible changes in offers, we strive to provide the most current information available.
Our website does not include every brand, provider, or offer available in the market. Please take the time to read and understand our 'Terms of Use' as it outlines the extent of our service, and to ensure that it meets your needs.
Statement Invoice
- Invoice Software Finder
- Invoices Types
- Statement Invoice
A statement invoice, also known as a customer statement or account statement, is a document that summarizes the financial activities between a business and a customer over a specific period of time. Unlike a regular invoice, which details a single transaction, a statement invoice covers multiple invoices, payments, credits, and outstanding balances.
Key Features of a Statement Invoice
- Summarizes multiple transactions between the business and the customer over a given period.
- Shows outstanding balances and payments due.
- Includes a list of unpaid invoices with dates and amounts.
- Provides an easy overview of account activity for both the customer and business.
- Commonly used for recurring customers or accounts with multiple transactions.
Differences Between a Statement Invoice and a Regular Invoice
Here’s how a statement invoice compares with a regular invoice:
- Regular Invoice: Issued for a single transaction, providing details like product/services delivered, total amount due, payment terms, and due date.
- Statement Invoice: Provides a summary of multiple unpaid invoices, payments received, and the current balance on the customer’s account.
Subheading: Example
Let’s say a customer places multiple orders throughout the month. A regular invoice would be sent for each order, but at the end of the month, the business sends a statement invoice showing the total outstanding balance from all unpaid invoices and any partial payments made.
Tables
Here is an example of a simple statement invoice format:
| Invoice Date | Invoice Number | Amount Due | Due Date |
| 2024-10-01 | INV-001 | $500.00 | 2024-10-31 |
| 2024-10-05 | INV-002 | $300.00 | 2024-11-05 |
Pros of Using a Statement Invoice
- Provides a clear overview of a customer’s outstanding balance over time.
- Helps businesses manage long-term customer accounts effectively.
- Simplifies the payment process for customers with multiple invoices.
- Improves cash flow management by providing regular updates to customers.
Cons of Using a Statement Invoice
- May confuse customers if not explained well, especially if they are used to receiving regular invoices.
- Less detail about individual products or services compared to regular invoices.
Types of Invoices and How Statement Invoices Fit In
There are several types of invoices that businesses can issue. Here’s an overview of the most common ones:
- Proforma Invoice: A preliminary bill issued before a product or service is provided.
- Standard Invoice: A regular invoice for a single transaction, outlining the products or services provided.
- Recurring Invoice: An invoice for ongoing services that are billed regularly (e.g., monthly subscription).
- Statement Invoice: A summary of all transactions over a given period, particularly for long-term customers with multiple invoices.
Software for Creating Statement Invoices
Many invoicing platforms can create statement invoices. Here are a few examples:
- QuickBooks: Provides templates for both regular and statement invoices, ideal for small businesses managing multiple clients.
✔ Best choice for small businesses
✔ Automated online banking system
✔ Create estimates & Reports
✔ Get a 30-day free trial
- FreshBooks: Known for its easy-to-use interface, FreshBooks offers features to send statement invoices for better customer management.
✔ Best choice for small and mid businesses
✔ Fast payment setup
✔ Great customer service
✔ Get 30-day free trial (not required creadit card)
- Xero: Xero allows users to create and send detailed customer statements, ideal for businesses handling numerous transactions with recurring clients.
✔ Simplifies bookkeeping, saves time and helps to grow your business.
✔ Mobile app gives you anytime access to financial information.
✔ Customer support team is dedicated to help you succeed.
✔ Free no-commitment 30-day free trial.
- Zoho Books: Provides detailed reporting tools along with statement invoices to track client activity.
✔ Provides multiple payment gateways.
✔ Integrates with other Zoho apps to streamline workflow.
✔ Supports multiple languages and currencies.
✔ Offers a free plan for small businesses.
- Proforma Invoice
- Standard Invoice
- Invoice Order
- Split Invoice
- Dummy Invoice
- Ad Hoc Invoice
- Mock Invoice
- Pro Rata Invoice
- Excise Invoice
- Mixed Invoice
- Bid Invoice
- Inward Invoice
- Gross Invoice
- Replacement Invoice
- Interim Invoice
- Utility Invoice
- Pending Invoice
- Certified Invoice
- Commercial Invoice
- Progress Invoice
- Timesheet Invoice
- Value Based Invoice
- Recurring Invoice
- Final Invoice
- Past Due Invoice
- Tax Invoice
- Retail Invoice
- Credit Invoice
- Debit Invoice
- Expense Report
- Self Billing Invoice
- Electronic Invoice
- Collective Invoice
- Customs Invoice
- Blank Invoice
- Prepayment Invoice
- Job Invoice
- Contractor Invoice
- Consular Invoice
- Factoring Invoice
- Nota Fiscal
- Commercial Tax Invoice
- Purchase Invoice
- Sales Invoice
- Zonal Invoice
- Transport Invoice
- Packing List Invoice
- Real Time Invoice
- Online Invoice
- Cancellation Invoice
- Adjustment Invoice
- Vendor Invoice
- VAT Invoice
- Withholding Tax Invoice
- Service Invoice
- Summary Invoice
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Online Invoicing Software Experts
Are you in search of the perfect online invoicing software for your business? You're in luck! Our expert team dives deep into the top solutions to find the best options just for you. Whether you're just starting out or are already running a large company, we look at everything important - like what features are available, how much it'll cost, how easy it is to use, and how good their customer support is. Our mission? To help you find the invoicing software that fits your unique needs like a glove, making your work faster and easier.