Business documents and transactions
From a quotation to a paid invoice: the documents, the discounts, the day books and the customer and supplier accounts behind every sale and purchase.
Business documents
The paperwork behind every sale on credit: what each document is for, who sends it, and what goes into the books.
Invoices and discounts
Build an invoice from line totals to the gross amount, take off trade, bulk and prompt payment discounts, and check a supplier's invoice before it is paid.
Coding and the ledgers
How accounts, customers and suppliers are coded, which ledger each account lives in, and how batch totals catch mistakes.
Sales day books
Write up the sales day book and the sales returns day book with VAT, then post them to the general ledger and to each customer's account.
Purchases day books
From a pile of supplier invoices to the ledgers: write up the purchases day books, post them, and record a discount for paying early.
Customers and suppliers
Keep track of who owes you and who you owe: read the accounts, chase what is late, agree supplier statements and plan what to pay.