An example of a billing statement is a legal document used to document payments for a customer. This is usually made as part of the financial accounting process. The following are examples of billings.
In a departmentalized accounting system, a Customer Development Statement is prepared and approved by an auditor. It will then be presented to the Chief Financial Officer for approval. If approved, it will become part of the departmental budget. The accounts payable and receivable section is then complete.
In some companies, it is the monthly billing statement that is reviewed. There may be a misunderstanding between the auditor and the concerned department. In this case, the billing should be clarified with the Chief Financial Officer.
In the accounting system of a hospital, a hospital invoice is generated and sent out to a list of clients. As per the provisions set by the province, an official invoice is prepared. This official invoice is sent to the client.
The invoice has a specific format that is different from other invoices. In this format, the Customer Name is recorded in the first line. Next, the Account Reference Number is written under the Customer Name. The Customer Identification Code (CIC) is then written in a column above the reference number.
An example of billings for a bank is a bank invoice that is generated from a cross-reference. The bank will submit this invoice to the person requesting the money. These people can either be the bank manager or the direct deposit department. The client receives the bank invoice.
In a bank, it is the bank manager who issues the bank invoice. The bank must follow certain guidelines and terms and conditions set by the bank itself.
A bank would have an example of billings for a Direct Deposit (Direct Data Processing Statement). The DDS or Database Disbursement System will generate a one-time copy. The bank will then send the DDS to the person requesting the payment.