👉 Misbilled is a term used in accounting and finance to describe a situation where a company has overcharged customers for services or products. Misbilled refers to transactions that are not recorded or accurately recorded by the company, resulting in a loss. This can happen due to a variety of reasons such as errors in billing processes, misinterpretation of invoices, or simply forgetting to bill customers. Misbilled can have significant financial consequences for companies, including penalties and damage to their reputation.
