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Home > User Documentation > Account Management > Statements and Invoices > Differences Between Statements and Invoices

Differences Between Statements and Invoices

Overview

To understand Aria's billing structure, it is important to know how Aria defines a statement and an invoice in Aria6 and the difference between the two.

Statement

In Aria, a statement is defined as all financial transactions that take place during a billing period.

A statement, when generated, dictates the payment due date for the charges incurred. The statement, therefore, dictates the dates for aging reports and dunning. Additionally, if a pending invoice is generated on 1/1/2016, but is not approved until 1/5/2016, the due date is calculated from 1/5/2016 until the date that the statement is generated, not the date that the pending invoice is generated.

Invoice

An invoice is defined as a charge transaction associated with an account. It is a collection of service-based fees (and associated taxes and/or offsetting credits or discounts) incurred during the specified time period.

Credit transactions are applied against charge transactions for a billing period and are associated with a statement.

In Aria, only one invoice is allowed per statement, as shown below.

statements and invoices7.PNG

Note: An invoice must always be generated before a statement. A statement cannot be generated without an invoice.

Sample Statement

Below is a sample statement, generated in Aria:

statement2.png

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Last modified
14:09, 2 Aug 2016

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