Billing and Invoicing

Billing and invoicing are processes businesses use to request payment for products or services provided. An invoice is a detailed document sent from a seller to a buyer, listing what was purchased, the amount owed, and the payment deadline. Billing encompasses the overall process of generating, sending, and managing these invoices, ensuring customers are billed accurately and on time. This system helps businesses track sales, manage cash flow, and maintain financial records, while customers understand their obligations and when to make payments.