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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.
Both, a purchase order and an invoice are important business documents for business transactions. Although they are quite similar, they have a few differences which must be understood clearly. Purchase Order :-. Purchase order is a document indicating types, quantity of products and services being sold.