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 client's bills. Your matter ledger and trust ledger will reflect these changes.

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