CC Lesson 2

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

Answer explanation

Billing

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

Answer explanation

bill

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

Answer explanation

bill

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

Answer explanation

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.

Answer explanation

standard accounting definition of billing

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

Answer explanation

billing process

Billing Document Types

Answer explanation

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.

Answer explanation

Pro Forma Invoice

used for issuing credit for any returns to the customer.

Answer explanation

Credit Memo,

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

Answer explanation

Debit memo,