The documents in a credit sale, in order
A sale on credit leaves a trail of paper. Learn which document comes when, and which ones the books care about.
In this room: 2 tasks, 8 questions
- From quotation to invoice4 questions
- Which documents reach the books4 questions
A credit sale is a sale where the customer pays later. Each step of it has its own document.
- Quotation
- the seller's price, offered before anything is agreed
- Purchase order
- the buyer's written order
- Delivery note
- goes with the goods, and is signed when they arrive
- Invoice
- the seller's request for payment
The documents are always raised in that order.
Answer the questions below
3 more questions follow in this task.
Only some documents change what is owed. Those are the ones that go into the books.
- An invoice: the customer now owes money
- A credit note: the customer owes less
- A payment: the customer owes less
A quotation, a purchase order and a delivery note do not change what is owed. They are kept, but not entered.
Answer the questions below
3 more questions follow in this task.