Happy Accountant: Accounting Blog & Online Accountant

*Excel works in a similar way to all other Microsoft Office products, with the familiar menu bar (by default, it starts with File, Edit, View etc…) at the top, plus a range of other toolbars that can be added, removed or customised. (the standard and formatting toolbars are shown by default) An Excel workbook can contain [read more]

*Completely off-topic, this one, but hey ho, it’s Friday! I was recently incredibly honoured to listen to a CD pre-release from a brand new artist.  This sort of thing doesn’t happen every day, especially to an accountant. Well, I’m pleased to see that the artist in question, Tori Beaumont, now has a MySpace page at [read more]

*A debit note might be issued to a supplier as a way of formally requesting a credit note. Within a business, a debit note might be raised to adjust an invoice that has already been issued as a way of keeping the records straight.  In this instance, the debit note is not sent out. *

*A credit note cancels a whole or part of an invoice, either because the invoice itself was incorrect or there was a problem with the goods/services that were being invoiced for. Credit notes are frequently printed in red to distinguish them from normal invoices. They normally contain similar information to that contained on the original [read more]

*A sales invoice relates to the business’s sales order (and the customer’s purchase order).  An invoice is raised when a credit sale is made and the goods have been despatched. The invoice is a request for payment but it is also used for other purposes, too.  For this reason, several copies of an invoice are used within [read more]

*This document is produced when goods are shipped to the customer.  It might list the goods, quantities, weights, how it was shipped and the delivery time.  A copy is sent to the accounts department so that they can match it with the sales order and raise a sales invoice for the goods. *

*A sales order is raised when an order is received from a customer.  It will normally contain information about the goods that have been sold, prices, deliver times and any special requirements or notes.  A copy of the sales order will also be sent to the accounts office so that they will be able to [read more]