Billing software is a type of computer program that enables business to determine how much to charge clients and customers. Businesses can use billing software to track time spent on projects, accounts, or with clients. They can also use it send invoices and get paid. It is meant as a replacement for paper billing and spreadsheets.
Time and billing software enables businesses to create quotes, estimates, pro forma invoices, interim invoices, final invoices, recurring invoices and more. You can also use our billing solutions to create and send professional invoices, and track money owed.
A bill is received; whereas an invoice is sent. A business sends an invoice to a client or customer when they want to get paid for providing a product or a service. On the other hand, a customer receives a bill from a supplier or contractor for a product or a service. Bills are usually immediate whereas invoices are sent sometime after the provision of a product or a service.
However, this terminology differs in the United States versus the United Kingdom. In the United Kingdom, businesses typically use sales and purchase invoices rather than invoices and bills. A sales invoice refers to the sale of a product or a service by a business, whereas a purchase invoice refers to the purchase of goods, materials or services by a business from a supplier. In the United States, purchase invoices are more commonly know as vendor bills.
To make a billing invoice, consider using billing software. It's faster than a spreadsheet or paper processes. Billing is easy to accomplish inside of Sage Accounting.
This Sage Accounting invoicing tutorial explains the process in more detail. https://help.accounting.sage.com/en-ie/accounting/invoicing/extra-create-sales-invoices.html?Highlight=invoice%20how%20to