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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.
An invoice is a legal document and as such, if an incorrect invoice is issued, it should either be cancelled with a credit note and a new, correct, invoice issued, or a credit note should be issued to correct the invoice. The incorrect invoice should not simply be deleted from the business's records.