The Purchase Order denotes an agreement between the seller and the buyer. The objective of a purchase order is to establish quality terms and condition with the prospective supplier .The purchase order deals with the amount, quality, and the nature of materials or services being purchased, the prices of the purchases, the packaging of goods and … Read more
A Balance Sheet is a financial reflection of a business or an individual’s financial standings at a particular span of time. A balance sheet shows the assets and the guidelines to balance those assets with the equity and expenses applied for purchasing them. The quarterly or annual accounting reports displays the balance sheet of the company. … Read more
Check Requisitions are generally used only for travel advances, membership renewals, subscriptions and certain special purchase situations which are authorized by the Accounts Payable Department before any purchase is made. Also certain document copies are attached with this form, which are explained in the sections below. If some of the Check Requisition are without proper … Read more
You need the cash flow to keep your business running. If the cash flow stops, your business can’t flourish and your family doesn’t eat. Creating product invoices in effective way is the cornerstone of getting paid. Invoices keep everything on record and you get paid faster and on time. Product invoices are the bills of … Read more
The term petty cash is used in business to refer to a small amount of money that is available with the accountant of the organization or its accounts department. It is used for the everyday cash expenses of the business, like daily wages, newspaper expenses, petrol expense, etc. These expenses differ from company to company … Read more
