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Billing Vs Invoicing

Posted: Tue Nov 21, 2006 12:43 pm
by Little_Monster
Hi.. In ISU terms, what is the difference between Billing & Invoicing? Thanks.

Billing vs. Invoicing

Posted: Fri Dec 01, 2006 6:28 pm
by srini99
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.


Posted: Tue Jan 23, 2007 5:44 am
by isu_guy
just a suppliment to srini....

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

Posted: Thu Feb 08, 2007 3:11 am
by ss gg
another suuplement.....

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