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Difference Between Invoice and Statement. â¢ While an invoice is a type of statement, a statement is not always an invoice. For example you keep getting statement of account from your bank, insurance company and so on but they are not bills or invoices. However, your credit card statement is a kind of reminder to make payments.
If you sell a customer a product or a service, you need to give them an invoice (bill) by law if both you and the customer are registered for. (a business to business transaction). An invoice is not the same as a receipt, which is an acknowledgement of payment. The invoice must include certain information such as: