NAICS Code 541219-01 - Billing Service

Marketing Level - NAICS 8-Digit

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NAICS CODE 541219-01
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NAICS Code 541219-01 Description (8-Digit)

Billing Service is a subdivision of Other Accounting Services industry that involves the process of creating and sending invoices to customers on behalf of a business. Billing services can be outsourced to a third-party company or handled in-house by a business. The main objective of a billing service is to ensure that invoices are accurate, timely, and properly documented.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 541219 page

Tools

Tools commonly used in the Billing Service industry for day-to-day tasks and operations.

  • Electronic billing software
  • Payment processing software
  • Customer relationship management (CRM) software
  • Accounting software
  • Data entry software
  • Spreadsheet software
  • Time tracking software
  • Project management software
  • Electronic signature software
  • Document management software

Industry Examples of Billing Service

Common products and services typical of NAICS Code 541219-01, illustrating the main business activities and contributions to the market.

  • Medical billing service
  • Utility billing service
  • Telecommunications billing service
  • Subscription billing service
  • Legal billing service
  • Property management billing service
  • Online payment processing service
  • E-commerce billing service
  • Insurance billing service
  • Financial services billing service

History

A concise historical narrative of NAICS Code 541219-01 covering global milestones and recent developments within the United States.

  • The "Billing Service" industry has a long history dating back to the early 1900s when the first billing machines were invented. These machines were used to print bills and invoices, and they revolutionized the way businesses handled their billing processes. In the 1960s, the first computerized billing systems were introduced, which further streamlined the billing process. In recent years, the industry has seen a shift towards cloud-based billing systems, which offer greater flexibility and accessibility. In the United States, the industry has grown significantly in the past decade, with the rise of subscription-based services and the increasing demand for electronic billing and payment systems.