Billing involves raising and sending invoices by businesses that will further request the customer to clear the dues by settling the invoices. Billings are when a company formally requests payment from a customer for services, and invoices are documents used for requesting settlement and record-keeping purposes.


Suppose a customer signs a 3-year, $15M contract with Vareto on January 1st, 2023. This will be billed annually. Therefore, Year 1 Billing = $5M.

Why it matters

Billing is important for any business since it initiates the process of the final collection of cash from a customer and maintains the financial viability of the business.

Get Started

Ready to see Vareto in action?

Give your finance team the tools they deserve so your company can make better, faster operational decisions.

Request a demo