Billing: meaning, definitions and examples

Typically used in contexts involving the issuance of bills or invoices for goods or services. Often seen in customer service or business environments.

• The billing department will send you an invoice at the end of the month
• We need to update our billing information to the new address

Focused on the process of creating and sending invoices to request payment from customers or clients. It is commonly used in business and commerce.

• Invoicing is done on the first day of each month
• The company uses special software for invoicing clients

Often related to applying a fee or cost to a service, activity, or product. It can be used in both formal and informal settings.

• The hotel is charging an extra fee for late check-out
• They are charging $15 for parking at the event

Refers to the systematic process of recording, analyzing, and managing financial transactions. Used in professional settings related to finance, businesses, and organizations.

• She works in the accounting department of a multinational corporation
• Accurate accounting is crucial for preparing the annual financial statements

Use when referring to the overall process of preparing invoices and dealing with the process of payment collection in a business setting.

• Our billing department will send you the invoice by the end of the day.
• She's responsible for managing the company's billing system.

Used when describing the act of imposing a fee or cost on a customer for a product or service, often in a retail or service context. It can sometimes have a negative connotation if used in the context of high or unexpected fees.

• We will be charging you an extra $5 for late payment.
• The store is charging $10 for delivery.

Applicable when discussing the broader scope of financial record-keeping, reporting, and analysis in an organization. It's a more general term than billing.

• He studied accounting in college.
• The accounting team is preparing the annual financial report.

Specifically refers to the act of creating or sending invoices. It's often used in a more direct manner compared to 'billing'.

• The invoicing process has become more efficient with the new software.
• I'll be invoicing the client at the end of the month.

Use when referring to the process of creating and sending bills to customers.

• The billing department is responsible for generating monthly invoices.
• She oversees all billing activities at the company.

Refers to the amount of money demanded for goods or services, or to the act of demanding payment.

• There is a charge for late payments.
• They decided to charge extra for shipping.

Specific to a document detailing a transaction and the amount owed by the customer.

• The company sent an invoice for the completed project.
• Please review the attached invoice for your records.

Best used to refer to a record of financial transactions or a customer relationship with a business.

• I need to check my account balance.
• He opened a new account with the bank.