Billing Vs Invoicing

Industry Solutions (IS-B, IS-H, IS-Oil, IS-P, IS-Retail, IS-T, RIVA etc.)

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Billing Vs Invoicing

Post by Little_Monster » Tue Nov 21, 2006 12:43 pm

Hi.. In ISU terms, what is the difference between Billing & Invoicing? Thanks.

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Billing vs. Invoicing

Post by srini99 » Fri Dec 01, 2006 6:28 pm

Billing relates to the consumption charges - this may include consumption of KWH charge, KW (Demand) charge, Customer charge, any discounts e.t.c.,

Invoicing relates to charges like city taxes, county taxes e.t.c., on top of the billing charges.

Hope this helps.


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Post by isu_guy » Tue Jan 23, 2007 5:44 am

just a suppliment to srini....

billing takes care of all the consumption charges whereas invoice deals with FICA postings.

ss gg
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Post by ss gg » Thu Feb 08, 2007 3:11 am

another suuplement.....

Billing occurs at contract level........
Invoicing occurs at contract account level

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