How to create a billing statement in microsoft excel

Whereas a billing statement is the presentation of a summary that highlights the outstanding balance against multiple invoices. There is no accounting effect of a billing statement. It is just a summary of invoices along with payments. You can define the credit policy for your customers by counting the number of days in the payment is made after issuing the invoice.

If you have a smart accounts receivable sheet , you can easily do that. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Notify me of follow-up comments by email. Notify me of new posts by email. Skip to primary navigation Skip to main content Skip to primary sidebar.

Table of Contents. What is the difference between a billing statement and an invoice? What is the accounting effect of a billing statement? How to define the credit policy for our customers? I have worked in Excel and like to share functional excel templates at ExcelDataPro.

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Billing statement invoice given here 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. This statement invoice is similar to invoice template, but it is not like an invoice because this statement can also be utilized as a ledger of account receivable for a certain customer, as this statement template shows the current balance pertaining to individual transactions.

This invoice if up to dated can be sent to a specific customer to inform and notify about the balance due to him. The most important information provided by the billing statement is the minimum amount a borrower is required to keep in the account to keep it current. Some of the other main details are the total amount of transactions carried out in the month, total amount transacted, the amount of interest charged on the transaction and the closing statement at the end of the month.

There are various sections in which the billing statement is divided. The first section of the billing statement includes the information about the cardholder and the account details such as name, previous balance, credits, amount transferred and a lot more. The second section of the billing statement includes the information about the account such as the limit of account, total amount available in the account, total amount spent etc. Another section of the billing statement invoice is based on the benefits that the borrower can avail.

This section includes the information about the total credits earned by the borrower due to transactions and the promotions in which the borrower may be interested.

The contact details of the credit company that are required by the customer where he can contact the company for any query are also given in the billing statement invoice.