A billing statement is a document that outlines the charges and payments for a specific period, typically issued by a service provider or creditor. It includes details such as the total amount due, payment due date, and a summary of transactions, helping customers track their expenses and manage their accounts. Billing statements are commonly used by various entities, including credit card companies, utility providers, and medical facilities. They serve as a record of financial activity, ensuring transparency and allowing customers to verify the accuracy of charges before making payments.