Invoice vs Receipt : Key Differences You Need to Know
Businesses involve lots of receipts and invoices. Both documents are used to record sales that aid in keeping track of every transaction of the business.
Category: Business Management
What is an Invoice Number ?
Business owners have to face challenges when operating a business. The biggest hurdle is to get paid on time. This can be achieved by having
What is Inventory Cycle Count?
Audits are crucial for inventory that runs efficiently. Ensuring the physical inventory to match the recorded data is crucial for maintaining accurate information throughout the
Difference between Customer Transaction and AR Trial Balance
In the 21st century where India is the fifth largest economy, our service industry is at boost it becomes the responsibility of the management to
What is Income Statement ?
Managing the financial segment of the business is a tedious task. A company maintains three types of financial reports or statements that brief the overall
What is Inventory Cost? – Types and Examples
As a business owner, you have to track and control the expenses of the business. A business considers an inventory as its biggest asset. For
What is Efficiency Ratios ? Types and Examples
A company uses its assets to generate revenue. However, what are efficiency ratios? It is a set of ratios indicating how well a business utilizes
GST State Code List And Jurisdiction
What is the GST State Code? GST State Code is a unique two-digit identification code assigned to every GST-compliant business that resembles the Indian state
What is Depreciation of Assets?
When we come across the word ‘depreciation’, it sounds negative. However, it is the opposite of what we consider negative in the business landscape. Considering
What is Credit Note? Meaning, Benefits and Example
What is Credit Note? A Credit Note is a financial document issued by the seller to the buyer to offset the entire or partial amount