Consolidated invoice
A single invoice that combines several orders, shipments or billing periods for one customer, instead of billing each separately.
Consolidated billing reduces the number of documents a customer's AP team handles, which can speed up approval. It's common for high-volume customers and recurring services.
The trade-off is that one disputed line can hold up the whole invoice, and payments against consolidated invoices are harder to match when the customer pays only part of it.
Related terms
- InvoiceA document a seller issues to request payment, listing what was delivered, the amount owed, the payment terms and the due date.
- Short paymentWhen a customer pays less than the full invoice amount, leaving a balance that needs to be explained, accepted or collected.
- Cash applicationMatching incoming payments to the open invoices they pay and posting them in the ERP, so receivables and cash stay accurate.