CC Lesson 2

- defined as the step-by-step process of requesting payment from customers by issuing invoices.

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Billing

Commonly used for transactions that are completed in one go, as documentation.

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bill

is short and less detailed and includes only important details regarding prices and taxation.

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bill

done at restaurants, pharmacies, beauty salons, or anywhere where you can purchase goods or services in person.

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Billing

describes it as the process of generating invoices for customers on a recurring or one-time basis, depending on the type of pricing plan that a customer has chosen.

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standard accounting definition of billing

Those credit professionals looking to improve their collection results should begin by looking at the

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billing process

Billing Document Types

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Invoice

Pro Forma Invoice

Credit Memo

Debit memo

Returns

Cancellation invoice

Cancellation credit memo.

Invoice List

Credit memo list

used for printing documents without having to post to the invoice.

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Pro Forma Invoice

used for issuing credit for any returns to the customer.

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Credit Memo,

used for issuing debit for getting money not received from customer.

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Debit memo,