You can use a billing statement to provide a summary of charges for your customers. You can send these summaries to your customer to bill for charges accrued within a specific time period.
You can also use a billing statement to summarize any unpaid charges as a reminder when charges are past due.
Some examples of businesses that use billing statements are:
Professional services, such as attorneys or consultants, who bill by the
hour and provide a detailed summary to a client.
Health clubs that send a monthly statement showing a monthly membership fee and any additional charges, such as pro shop purchases, accrued within the month.
A business that sends an invoice to collect payment and then send a reminder statement when charges are past due.