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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.
In other words, the invoice is a written verification of the agreement between the buyer and seller of the goods or services. Invoices are an important part of your business's bookkeeping and accounting recordkeeping system because they record sales transactions.