Name : Dimuthu Maduranga
Group Name: Zambrone
Business fundamentals
Invoice
What is a invoice?
Invoice is a commercial document issued by a seller to a buyer,
indicating the products,quantities and agreed prices for products
or services that the seller has already provided the buyer
with.
Sample for invoice
Bill
What is a bill?
A printed or written statement of the money owed for goods or
services.
Sample for bill
Sample for bill
Purchasing order
What is a PO?
A purchase order (PO) is a commercial document and first
official offer issued by a buyer to a seller, indicating types,
quantities, and agreed prices for products or services.
sample
Customer order
What is a custom order?
The Sales Order, sometimes abbreviated as SO, is an order issued
by a business to a customer. A sales order may be for products
and/or services. Given the wide variety of businesses, this means
that the orders can be fulfilled in several ways.
sample
Inventory Controlling
Inventory Control is the supervision of supply, storage and
accessibility of items in order to ensure an adequate supply
without excessive oversupply.
It can also be referred as internal control - an accounting
procedure or system designed to promote efficiency or assure the
implementation of a policy or safeguard assets or avoid fraud and
error etc.
Inventory controller
Good Receive Note(GRN)
Good Issue Note(GIN)
Good Receive Note
Record of goods received at the point of receipt. This record is
used to confirm all goods have been received and often compared to
a purchase order before payment is issued.
More details-www.businessdictionary.com
Cheque
A cheque is an order to a bank to pay a stated sum from the
drawer's account, written on a specially printed form.
sample
Advantage and disadvantage of using cheque
Advantage
Disadvantage
You don't have to carry cash all the time
More Security
Cant be cashed at unsecure area.
Only person that is signed to can cash it
You can people anytime/anyplace you want without having to worry
about the money you have in your Wallet
Must wait for bank to open
There might be a certain date when you can cheque it
Only person that is signed to can cash it
We must always keep track of our bank balance before issuing a
check. Issuing a check without sufficient balance in the account is
a felony
Checks can be lost or stolen and the customer must be careful to
not let that happen.
Re-order Level
Reorder level (or reorder point) is the inventory level at which
a company would place a new order or start a new manufacturing
run.
Return On Investment (ROI)
The return on investment formula is:
ROI = (Net Profit / Cost of Investment) x 100
A performance measure used to evaluate the efficiency of an
investment or compare the efficiency of a number of different
investments. To calculate ROI, the return on an investment is
divided by the cost of the investment, as shown here; the result is
expressed as a percentage or a ratio.
END
