A billing statement is used for customer account management, invoice tracking, and general billing issues. Although this statement is not as comprehensive as the features of small business billing software, it is all you need for your billing and invoicing requirements.
The billing statement includes important information regarding the transaction carried out by the person, the total amount due, and lots of other key details. In general, the invoice is used by credit card companies when they want their customer to know about the total amount they have spent.
Many companies use a billing statement invoice to inform customers about their accounts. In other words, a billing statement is used to communicate between the borrower and the lender.
This template has space for a column to record invoice numbers, a column to record received payments from different customers, and a column for the generic amount used to record all the other credits, charges, fees, debts, etc.
The Billing Statement provides a detailed summary of transactions, including products/services rendered, quantities, unit prices, applicable taxes, and the total amount due for payment.
MS Excel File for (.xlsx) -142 KB
What information does the billing statement provide?
The billing statement provides the most important information: the minimum amount a borrower must keep in the account to keep it current. Other details include the total number of transactions carried out in the month, the total amount transacted, the amount of interest charged on the transaction, and the closing statement at the end of the month.
This billing statement invoice also contains an invoice table with different-colored lines, a company logo, a section for past dues, and a remittance section. Furthermore, this document has space for detailed information like descriptions, different fees, and other relevant details.
The invoice is a very useful tool in situations where you are involved in receiving regular payments from the same customer, for example, a tenant living in your rental properties.
If up to date, this invoice can be sent to a specific customer to inform and notify them about the balance due to them.
How to create a billing statement invoice?
The billing statement is divided into various sections. The first section includes information about the cardholder and account details such as name, previous balance, credits, amount transferred, and more.
The second section of the billing statement includes information about the account, such as its limit, the total amount available in the account, the total amount spent, etc. Another section of the billing statement invoice is based on the benefits the borrower can avail of.
This section includes information about the total credits earned by the borrower due to transactions and the promotions in which the borrower may be interested.
The billing statement invoice also gives the customer’s required contact details for the credit company, where they can contact the company with any queries.
The customer should know what to do if a mistake is found in the statement. Billing statement templates can also be used to save time.
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