Rocket Matter Knowledge Base Billing by Matter What is the difference between a statement and an invoice?

What is the difference between a statement and an invoice?

Invoice: Generates new invoices and invoice numbers for your batch. Your matter ledger and trust ledger will reflect these changes.

Statement: A Unpaid Invoice Statement displays the client, matter information and the invoice numbers with total amount due. This does not create a new invoice number, just an overview of what's due for all matters. The Unpaid Invoice Statement template can be modified in the 'Custom Invoice Template' section.