Sales Ledgers Explained

sales ledgers explained

Sales ledgers record the activity of customer sales, credits and payments. Here you’ll find an example ledger to explain how they work and how they fit in when it comes to accounting.

Sales Day Book Explained

sales day book explained

A sales day book is a record of sales invoices raised by a business. Here’s an example of one, the reasons it’s needed & an introduction to setting up sales journals.

What is a Credit Note?

what is a credit note

A credit note reduces the amount a customer has to pay on an invoice or records a refund. Here is an example and how they fit into accounting.

What is an Invoice?

what is an invoice

An invoice is a legal document sent customers to request payment. Here you’ll learn what they look like and what information they must have.

What is a Remittance Advice?

what is a remittance advice

A remittance advice is a document issued by one accounting team to another when they pay an invoice. Here you’ll find out what they look like and how they’re used.

What is a Purchase Order?

what is a purchase order

A purchase order is a legal document issued by a customer confirming details of what they are buying. Here’s an example of a PO with the information they usually contain.

What is a Sales Order?

What is a Sales Order?

Sales orders contain details of orders placed by a customer. In this guide, you’ll find out why they are issued and how they fit into the sales process.

What is a Quotation in Business?

what is a quotation in business

Quotations are used in business to give a customer an idea of the cost of a product or service before they buy. Read this guide to check what normally gets included on quotations.

Source Records in Accounting

source records in accounting

Everything has a starting point and when it comes to accounting, source records are it. Read this guide, to learn about the different types of source records in accounting, find out what each one means and discover how they are used in the accounting process.