billing system

Charge processing software

A billing system is the infrastructure—software, processes, and records—that a business uses to charge customers and collect payment.

It tracks what's owed, generates invoices, and processes transactions: The hospital's billing system sent statements to the wrong addresses.

Modern billing systems often handle subscriptions, usage-based pricing, and automated recurring charges.

Related

account · accounts receivable · subscription · automatic renewal · billing cycle · charges · receipt · statement · transaction · software · automated · recurring · overdue · ledger · customer · customer portal · merchant · processing

Categories
Opposites
financial flow direction

billing systempayment system

Infrastructure for processing transactions

payment processing · payroll system · credit system · payment gateway

transaction automation

billing systemcash register

Retail transaction machine

honor system

monetary exchange vs. non-monetary provision

billing systemgift economy

Giving without explicit repayment

Family

bill, bills, billed, biller, billers, system, systems, systematic, systematically

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Everyday, not technical · Rated G