Sk Sameer’s Post

We've improved invoices for physical product purchases 📈 To improve the accuracy and clarity of physical product invoices: 1. The description column now includes details about the variant purchased (before it only showed the product name) 2. The "Unit price without VAT" now shows the unit price before any discounts are applied (before, the discount was factored in) 3. The "Total price without VAT" shows the total price of all units (before any discounts) 4. We've added a new "Coupon discount amount" label (to clearly indicate the discount that was applied) What do you think of this update? 🤔 Hit like and let me know in the comments! 👇

We've improved invoices for physical product purchases 📈 To improve the accuracy and clarity of physical product invoices: 1. The description column now includes details about the variant purchased (before it only showed the product name) 2. The "Unit price without VAT" now shows the unit price before any discounts are applied (before, the discount was factored in) 3. The "Total price without VAT" shows the total price of all units (before any discounts) 4. We've added a new "Coupon discount amount" label (to clearly indicate the discount that was applied) What do you think of this update? 🤔 Hit like and let me know in the comments! 👇

What is 2 way, 3 way and 4 way matching? Making payments to the suppliers in 3 ways. whatever you have ordered for the PO we will make the payment for the suppliers 1) 2-way(we will compare two documents PO and Invoice). Eg: Suppose we Had given PO for 100 items ,for that we will receive invoice for 100 items. so that we will make payment for that 100 items. 2) In 3-Way we will compare 3 documents PO+reciept+Invoice Eg:Suppose we have ordered 100 items in PO. But we had received only 80 items, But we had received invoice for 100 items. so, we will make payment for only 80 items 3) IN 4-Way we will compare 4 documents       PO+Receipt+Invoice+Inspection Eg: Suppose we have 100 items in PO. Suppers send us 80 items We will do inspection on those items what ever we have received, If 10 items got damaged. finally, we are going to make payment to the 70 items only.

Credit Note vs. Debit Note: Key Differences Credit Note Purpose: Issued by the seller to reduce the buyer's payable amount. Reasons: 1. Sales returns (goods returned). 2. Overcharging (excess billing). 3. Discounts offered. Impact: Decreases the buyer's owed amount. Debit Note Purpose: Issued by the buyer to increase the payable amount. Reasons: 1. Purchase returns (goods sent back). 2. Undercharging (billing shortfall). 3. Additional costs (e.g., shipping or taxes). Impact: Increases the buyer's owed amount. In Summary: Credit Note: A refund or adjustment reducing buyer's dues. Debit Note: An extra charge increasing buyer's dues.

If you are ready to purchase our products, here are the steps you need to follow: Request my company's CIS (Company Information Sheet). Upon receiving the CIS, send me your ICPO (Irrevocable Corporate Purchase Order) or LOI (Letter of Intent) specifying what you need. I will then reply with an FCO (Full Corporate Offer) and PI (Proforma Invoice). Sign the FCO and send a copy back to me. Send me the payment guarantee draft for review. If it is satisfactory, I will sign and stamp it, then send a signed copy back to you. I will provide you with the SPA (Sales and Purchase Agreement) draft for your review. Once everything is in order, sign and stamp all the pages, then send a copy back to me for my signature and stamp. After this, your bank will send the SWIFT payment guarantee to my bank. When my bank receives and confirms the payment guarantee from your bank, I will load your cargo or product. My bank will send the shipping documents to your bank. I will also email you copies of the loading and shipping documents. Once the vessel arrives at your country's port, SGS or the Q&Q company in your country will confirm that the goods or products meet the required standards. Your bank will then make the payment to my bank within 5 to 10 banking days. If the SGS or Q&Q report indicates that the products do not meet the standards, I will take back my vessel with the cargo. This is the process I follow for supplying or selling my products. You only make the payment after receiving and verifying the goods, within 5 to 10 days.

Q. What Is a PO Invoice? A PO invoice is one that has a purchase order attached to it. Essentially, these invoices are generated after the approval of a purchase order. PO invoices contain details about the goods or services procured, and a matching purchase order number.

Journal Entries: Sales and Inbound Requisition of Inventory When a sale is made, it's essential to record it properly to reflect the revenue and the inventory reduction. Here’s a basic example of a journal entry for a sale: Date: [Date] Accounts Receivable (Debit) Reflects the amount owed by the customer. Balance sheet Account Sales Revenue (Credit) Represents the income earned from the sale. Income statement Account then Cost of Goods Sold (Debit) Reflects the cost to the business of the inventory sold. Income statement Account Inventory (Credit) Reduces the inventory balance to account for the goods sold. Balance sheet Account

TYPES OF BILLS OF LADING - PART 1 Straight Bill of Lading This is also known as a consignment bill of lading. It is not negotiable. It is used if goods are already paid for or do not require payment on delivery. All that is required from the consignee is identification before the cargo is handed to them. The transportation and delivery are pre-negotiated without any room for amendments. It then becomes a receipt upon delivery. There are other sub-categories under this category. 1. Short Form Bill of Lading This is a straight bill of lading without the terms and conditions printed on the back. Others refer to it as the blank back bill of lading. They are rarely used because customers prefer the safety of having everything put down on paper. However, the courts will insert the back clauses as a matter of practice based on the idea that this is a short form of the full straight bill of lading. 2. Blank endorsed bill of lading This is a straight Bill of Lading yet to be endorsed, and the consignee has not yet been named. The holder of the bill can claim possession; hence, it is negotiable. 3. On board bill of lading This is sometimes referred to as the shipped-on board Bill of Lading. It is a notation placed on the Bill of Lading to indicate that the items are in suitable condition and have been transported on the specified vessel. Banks that fund shipments may require an on board Bill of Lading. 4. On deck bill of lading Used as proof of shipment, some exporters or manufacturers require it to get payment.

Your shipping and returns policies will probably be the two most-read pages on your site. Many products ordered online are returned, but a good Returns & Refunds policy can offset the loss by generating more sales! 👇 Read more here: https://zoho.to/RePly

If you are ready to purchase my products, here are the steps you need to follow: Request my company's CIS (Company Information Sheet). Upon receiving the CIS, send me your ICPO (Irrevocable Corporate Purchase Order) or LOI (Letter of Intent) specifying what you need. I will then reply with an FCO (Full Corporate Offer) and PI (Proforma Invoice). Sign the FCO and send a copy back to me. Send me the payment guarantee draft for review. If it is satisfactory, I will sign and stamp it, then send a signed copy back to you. I will provide you with the SPA (Sales and Purchase Agreement) draft for your review. Once everything is in order, sign and stamp all the pages, then send a copy back to me for my signature and stamp. After this, your bank will send the SWIFT payment guarantee to my bank. When my bank receives and confirms the payment guarantee from your bank, I will load your cargo or product. My bank will send the shipping documents to your bank. I will also email you copies of the loading and shipping documents. Once the vessel arrives at your country's port, SGS or the Q&Q company in your country will confirm that the goods or products meet the required standards. Your bank will then make the payment to my bank within 5 to 10 banking days. If the SGS or Q&Q report indicates that the products do not meet the standards, I will take back my vessel with the cargo. This is the process I follow for supplying or selling my products. You only make the payment after receiving and verifying the goods, within 5 to 10 days.