Billing Process in Accounts Receivable is the process of generating and sending a customer an invoice for goods or services provided. It includes creating a detailed record of what has been sold or provided, calculating taxes, applicable fees, amounts due, discounts offered, and other related charges. Once the invoice is sent to the customer, they are expected to pay within a specified time period. The process also involves tracking invoices to make sure payments have been received on time and any discrepancies are resolved quickly. In essence, it’s all about ensuring customers honor their commitments and vendors receive the money they’re owed.