What is the Difference Between an Invoice and a Bill?

Invoice and bill are a great example of the importance of words and communication. They are actually describing pretty much the same thing! So, why use two different words?

• “One man’s trash is another man’s treasure.”
• “One man’s ceiling is another man’s floor.”

These popular sayings serve to explain that most of what we experience in life is subject to our perspective. The same can be true in accounting, with bills and invoices:

• “One man’s invoice is another man’s bill.”