Invoices and bills serve the same purpose but are different in some ways. An invoice must contain an invoice number, which may or may not be in the case of a bill. Invoices include more detailed information about products or services, while bills are less detailed and only give an overview of a transaction.
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Invoices and bills are the same but different depending on the perspective. An invoice is sent to a customer, and upon receipt, it is termed as a bill. A business owner requests money against an invoice, and a customer sends money against a bill/receipt.