What is an itemized bill?

An itemized bill is a detailed account of charges or expenses incurred by a customer or client for goods or services received. It typically includes a breakdown of individual items or services provided, along with corresponding costs or fees associated with each item.

Itemized bills are commonly used in various industries such as healthcare, legal, and retail, to provide transparency and accountability in billing processes. They can help customers understand what they are paying for and dispute any discrepancies or errors in the bill.

Key components of an itemized bill include:

1. Description of each item or service provided
2. Quantity of each item or service
3. Unit price or rate for each item or service
4. Total cost for each item or service
5. Subtotal of all items or services
6. Taxes, fees, and any additional charges
7. Grand total of the bill

Itemized bills are often used by businesses to track expenses, manage budgets, and provide detailed billing information to customers. They can also be used as a legal document in case of disputes or disagreements over charges.