Contra Account: A Complete Guide [+ Examples]

Contra Account

Everything you need to know about contra accounts Share on facebook Share on twitter Share on pinterest Share on linkedin Contents Contents What Is a Contra Account? A contra account is a general ledger account with a balance that is contrary to the normal balance for that account classification, used to reduce the original amount […]

Pro Forma Invoice: A Complete Guide [+ Template + Examples]

Proforma Invoice

Everything you need to know about proforma invoices Share on facebook Share on twitter Share on pinterest Share on linkedin Contents Definition: WHAT Is a Pro Forma Invoice? Pro forma invoice is a negotiable preliminary bill of sale that declares a vendor’s commitment to sell specific goods or services to a buyer at stated prices […]

Trade Discount vs. Cash Discount: What’s the Difference?

Trade Discount vs. Cash Discount Difference

Explained by a Certified Accountant [with examples] Share on facebook Share on twitter Share on pinterest Share on linkedin Contents Explanation: What is trade discount and cash discount? When do you give and take trade and cash discounts? A trade discount is a deduction granted by a seller to a buyer on the original catalogue […]

Trade Discount: The Complete Guide [+ Examples]

Trade Discount - Functional Discount

Everything you need to know about trade discounts [explained by a Certified Accountant] Share on facebook Share on twitter Share on pinterest Share on linkedin Contents Explanation: When Is Trade Discount Given? Trade discount, also known as functional discount, is a reduction in catalogue price granted by manufacturers and wholesalers to their resellers based on […]

Remittance Advice: A Complete Guide [+ Template + Examples]

Remittance Advice

Everything you need to know about a remittance advice | statement | slip | note | letter Share on facebook Share on twitter Share on pinterest Share on linkedin Contents Definition: What Is a Remittance Advice? Remittance advice is a paper or electronic notification of a payment sent by payer to a payee, for example: […]

Credit Memo: A Complete Guide to Credit Memorandums

Credit Memo

Everything you need to know about credit memos [explained by a Certified Accountant] Share on facebook Share on twitter Share on pinterest Share on linkedin Contents What is a Credit Memo? Credit memo, credit memorandum or credit note, is a commercial document issued by a seller or a bank: 1. Seller issues a credit memo […]

Credit Note: The Complete Guide | Template | Examples

Credit Note

Everything you need to know about credit notes [explained by a Certified Accountant] Share on facebook Share on twitter Share on pinterest Share on linkedin Contents What is a Credit Note? Credit note, also known as credit memo or credit memorandum, is a commercial document issued by a seller of goods or services to a […]

Debit Note | Debit Memo | Debit Memorandum

Debit Memo Memorandum Note

All you need to know about debit notes (also known as debit memo or memorandum) Share on facebook Share on twitter Share on pinterest Share on linkedin Contents What Is a Debit Memo (Debit Note)? Debit note, also known as a debit memo or memorandum, is a notification of a debit made on a recipient’s […]

Investment Center: The Complete Guide [+ Examples]

Investment Center

Everything you need to know about investment centers [explained by a Certified Accountant] Share on facebook Share on twitter Share on pinterest Share on linkedin Contents What Is an Investment Center? Investment center is an autonomous unit within an organization that is responsible for generating its own revenue as well as controlling the costs and […]

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