As of Date: The last date for which a report or process includes data
Business Unit: An identification code that represents a high-level organization of business
information. You can use a business unit to define regional or departmental
units within a larger organization.
Effective Date: Date on which a table row becomes effective; the date that an action begins.
For example, if you want to close out a ledger on June 30, the effective date for
the ledger closing would be July 1. This date also determines when you can
view and change the information. Pages and batch processes that use the
information use the current row.
Request ID: A request identification that represents a set of selection criteria for a report or
process
Report Manager: Click to access the Report List page, where you can view report content, check
the status of a report, and see content detail messages.
Run Control ID: An identification code that represents a set of selection criteria for a report or
process.
User ID: The system identifier for the individual who generates a transaction.
Quotation: The sales quotation is not a legally binding document. It is generally used for information purposes only, and can be the first link in the sales process chain.
Sales Orders : The sales order is a commitment from a customer or lead to buy a product or service. The document serves as a foundation for planning production or purchase orders.
Delivery Challan: The Delivery is a legally binding document indicating that the shipment of goods or the delivery of services has occurred. Without this document, goods can be delivered only if an invoice has already been created
Invoice : The invoice is a legally binding document. When an invoice is received, the posting is made to the related customer accounts in the accounting system. If a delivery did not precede the invoice and you sell the warehouse items, stock quantities are also updated accordingly when you issue the invoice.
Correction Invoice : Vendors are legally obligated to issue an A/R correction invoice if:
Credit Memo: The credit memo is the clearing document for the invoice and for the returns. If the goods were delivered to the customer and an invoice has already been created, you can partially or completely reverse the transaction by creating a credit memo. With the credit memo you correct both the quantities and the monetary values. The system increases the stock of the credited items by the amount specified in the credit memo. The credit memo credits the value in the customer account in the accounting system and amends the revenue account by the same amount
Dunning : Every time goods or services are sold, the liabilities of the respective customer(s) to the business are increased. From that moment incoming payments are monitored to ensure that customer debts are paid on time. When they are not, the company needs to activate a multi level collection process, such as telephone or written reminders, for the remiss customer,
Back order processing: back order processing is to track customer sales orders received for which the stock has not yet been shipped. Normally, this occurs when the available quantity of the item is insufficient to fill the order. The back order process enables you to check the item quantities that are missing. Once they are received in stock, you can ship these shortages to your customers.
Chart of Accounts : The chart of accounts is an index of all general ledger (G/L) accounts used by one or more companies. Each G/L account has a code, a description, and information that determines its functions.
Journal Vouchers : A journal voucher is a draft stage document that creates no values in the general ledger. At this stage, the journal voucher can be checked and completed, and then recorded.
Posting Templates: Every commercial organization has transactions presented in template format, in which only the recorded amounts vary from transaction to transaction.
Banking Transactions: all monetary transactions that involve bank accounts, including:
Business Unit: An identification code that represents a high-level organization of business
information. You can use a business unit to define regional or departmental
units within a larger organization.
Effective Date: Date on which a table row becomes effective; the date that an action begins.
For example, if you want to close out a ledger on June 30, the effective date for
the ledger closing would be July 1. This date also determines when you can
view and change the information. Pages and batch processes that use the
information use the current row.
Request ID: A request identification that represents a set of selection criteria for a report or
process
Report Manager: Click to access the Report List page, where you can view report content, check
the status of a report, and see content detail messages.
Run Control ID: An identification code that represents a set of selection criteria for a report or
process.
User ID: The system identifier for the individual who generates a transaction.
Quotation: The sales quotation is not a legally binding document. It is generally used for information purposes only, and can be the first link in the sales process chain.
Sales Orders : The sales order is a commitment from a customer or lead to buy a product or service. The document serves as a foundation for planning production or purchase orders.
Delivery Challan: The Delivery is a legally binding document indicating that the shipment of goods or the delivery of services has occurred. Without this document, goods can be delivered only if an invoice has already been created
Invoice : The invoice is a legally binding document. When an invoice is received, the posting is made to the related customer accounts in the accounting system. If a delivery did not precede the invoice and you sell the warehouse items, stock quantities are also updated accordingly when you issue the invoice.
Correction Invoice : Vendors are legally obligated to issue an A/R correction invoice if:
-
Rebates and discounts were given after the original invoice was issued
-
Goods were returned
-
The prices of goods and services were changed after the original invoice was issuedThere was a mistake in price, tax rate, tax amount, net value, gross value, quantity, or unit of measure in any invoice item
Tax Invoice: A/P and A/R tax invoices are documents issued by
vendors and sellers, respectively. For taxation purposes, you are legally
obligated to issue tax invoices for sold goods or services.
Credit Memo: The credit memo is the clearing document for the invoice and for the returns. If the goods were delivered to the customer and an invoice has already been created, you can partially or completely reverse the transaction by creating a credit memo. With the credit memo you correct both the quantities and the monetary values. The system increases the stock of the credited items by the amount specified in the credit memo. The credit memo credits the value in the customer account in the accounting system and amends the revenue account by the same amount
Dunning : Every time goods or services are sold, the liabilities of the respective customer(s) to the business are increased. From that moment incoming payments are monitored to ensure that customer debts are paid on time. When they are not, the company needs to activate a multi level collection process, such as telephone or written reminders, for the remiss customer,
Back order processing: back order processing is to track customer sales orders received for which the stock has not yet been shipped. Normally, this occurs when the available quantity of the item is insufficient to fill the order. The back order process enables you to check the item quantities that are missing. Once they are received in stock, you can ship these shortages to your customers.
Chart of Accounts : The chart of accounts is an index of all general ledger (G/L) accounts used by one or more companies. Each G/L account has a code, a description, and information that determines its functions.
Journal Vouchers : A journal voucher is a draft stage document that creates no values in the general ledger. At this stage, the journal voucher can be checked and completed, and then recorded.
Posting Templates: Every commercial organization has transactions presented in template format, in which only the recorded amounts vary from transaction to transaction.
Banking Transactions: all monetary transactions that involve bank accounts, including:
-
Manual and automatic creation of incoming and outgoing payments for various payment means
-
Manual and automatic performance of internal and external reconciliations
-
Postdated and cash deposits of checks and credit card vouchers
-
Batch and single check printing
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