This value is typically the previous month’s closing balance. The previous balance on the credit card or account should be indicated in the statement. However, this information will usually be captured in several basic components of a billing statement. Specifics of each statement will be different and unique to the cardholder’s activity for the specified duration. The billing statement should be accurate to match the exact expenditure of the customers.Ī billing statement is segmented into different sections or categories to accommodate all the necessary information. The basic information that should be input in a billing statement includes a summary of the account transactions, interest fees, total amount owed, the minimum payment required and associated due date, and the account’s closing balance. The billing statement can be paper-based or electronic depending on the situation and efficiency of the method in relaying information to customers. This way, they are able to impose the necessary penalties and late fees. A billing statement is an important document for tracking the credit card usage of each credit cardholder.Ĭredit card companies also use the document to identify cardholders who are behind on their monthly payments. Credit card companies use billing statements to provide their customers with a monthly breakdown of their expenditures and demand the minimum monthly amount they are required to pay to make sure their credit card remains valid. Therefore, the credit card company has to issue a billing statement. The statement is generated on the first week of every month for all credit card holders marking the end of a billing cycle.īilling is essential in every transaction where payments with a deadline have to be made. It’ll show you the exact style of the invoice without any formatting differences.A Billing Statement is a monthly report and bill of a credit card holder’s account activity for the past month and the monthly minimum payment due.
If you just want to take a look at a good invoice, a PDF version could work for you.
Add in your specifics, use the formulas to add up the totals, download a PDF copy and send it to your client. Open up our template and make your own copy. If you prefer to use Google’s suite, you can use a Google Sheets template in a similar way to using an Excel template. When you want to print the invoice, remember to choose ‘Fit to Page’ in your print settings. You can add in each line item, and the Excel formulas will automatically add up your totals and add your taxes or subtract discounts if you need to include those. Using Excel for your invoices can be slightly easier due to its ability to add formulas. Turn it into a PDF and attach it to an email to send it to your client. You can duplicate the document and make changes to create a new invoice the next month. The benefit of using Docs is that you can easily save all of your invoices into Google Drive after you create them to keep track of all of your invoices there. Open up our Google Doc and make your own copy, which you can save in your Google Drive. If you prefer to work in Google Docs, you can use our Google Doc invoice template. Simply add in the specifics of your invoice, save the document as a PDF and email it to your client. With our Microsoft Word template, your document is all set up for you so you won’t need to fiddle around with adding line items and totals and making sure that the margins look professional. If you typically work in Microsoft’s Office Suite, this could be a good invoice template for you to download. Microsoft Word is used for general documents such as letters or reports.