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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.
On the other hand, invoice refers to a commercial instrument delivered to the buyer containing the details of products or services provided by the seller. Proforma invoice is a kind of quotation, containing a commitment by the seller to supply goods at the specified rate and date. Conversely, Invoice is a sort of bill, displaying the amount due to the buyer. Proforma invoice is used for the creation of sales, whereas invoice is used for confirmation of sale.