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.
Source Records
Everything has a starting point and when it comes to accounting, that’s source records! In these guides, you can cover off your basic understanding of the six different types of source records and learn why they are such a vital part of the accounting process.
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?
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?
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 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
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.