Flashcards
Flow of Documents
Cards in this deck (10)
- 1Purchase Order Form-Sent from the customer to the supplier.
-Shows the items the customer wants to purchase.
-Is signed to confirm that the order is authorised. - 2Delivery Note-Sent from the supplier to the customer.
-Is sent with items to confirm what has been sent. - 3Goods Received Note- Sent from the customer to the supplier
- Highlights the actual amount that has been sent
- Customers keep this for their own record
-Highlights any damages - 4Sales Invoice- Sent from the supplier to the customer
- Is a request for payments
- Highlights the VAT that needs to be paid - 5Credit Note- Sent from the supplier to the customer
- This document states any refunds the customer needs to receive
- Is a refund on a statement of account credit notes will show as reducing the balance owed - 6Statement Of Account- Sent from the supplier to the customer
- The document is sent either each month or quarter
-It shows the outstanding balance the customer still needs to pay
- It shows invoices, payments received and credit notes. - 7Remittance Advice Slip- Sent from the customer to the supplier
- This documents is sent with payment to say which invoice the customer is paying for - 8Cheque- Sent from the customer to the supplier
- This document is a method of payment
- An advantage is it is a traditional method of payment meaning most businesses accept it
-A disadvantage is that they can take up to a week for the payment to be received - 9Receipt- Sent from the supplier to the customer
- This documents is proof of a payment - 10E&OE (Errors and Omissions Excepted)- A disclaimer stating that information in a document is not necessarily accurate
- It is intended to reduce the legal liability of the party making the statement
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- Flashcards on Flow of Documents , created by freya appleby on 20/11/2017.
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- freya appleby
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