What is a Statement vs. an Invoice?

If you’re unsure about the difference between an invoice and a statement you’ve received from Office Ally, here’s a quick breakdown:

Invoice vs. Statement:

Invoice:

• An invoice is a detailed bill for a specific month.
• It includes details like what you’re being charged for, the total amount due, the due date, and any applicable taxes.
• Think of it like: “Here’s what you need to pay us for this specific billing period.”

Statement:

• A statement is a summary of your account.
• It lists open invoices and any unapplied payments you've made, and your current amount due as of the date the statement was created.
• Think of it like: “Here’s an overview of your account right now.”

In simple terms: An invoice is a request for payment, while a statement shows a broader look at your account as of the date it was run. If invoice(s) go unpaid, you will see them (and how overdue they are) on your statement.