Introduction Before Processing

The importance of knowing which invoice is a Supplier invoice and a Customer invoice is to ensure that it is captured correctly.

A supplier invoice is an invoice/receipt that you/company is given when stock or normal company expenses are purchased whether it is paid for cash or put on the Company’s account for later payment.

A Customer invoice is generated once the customer purchases goods from you/your company.

These invoices once captured correctly will give you income and expenses on the Trial Balance.

The Trial Balance /Income Statement shows whether there is a profit or a loss and summarises total income and each expense ie bank charges/wages/rent etc for the 12-month financial year.

Please contact me should you require my assistance at cowanbks@telkomsa.net

Cell: 082 054 0009