Financial Documents

Description

aLevel Business - Finance Mind Map on Financial Documents, created by hannahsophie.austin on 14/06/2013.
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Mind Map by hannahsophie.austin, updated more than 1 year ago
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Created by hannahsophie.austin over 11 years ago
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Resource summary

Financial Documents
  1. Purchase Order: -
    1. This document is used to initiate or confirm the placing of an order for goods or a service from a supplier.
    2. Delivery Note: -
      1. This document it issued by suppliers to customers for signature confirming the delivery of goods made. The not is dispatched with the goods.
      2. Goods Recieved Notes: -
        1. Internal documents which are used by the receiever of goods to confirm what has been receieved by the business. These can be matched againest the orignal purchase order.
        2. Invoices: -
          1. Are documents sent from the seller to the buyer that detail the payment required for goods or services exchanged.
          2. Remittance Advice Slips: -
            1. RSA's are sent by the customers to suppliers advising them of the payment that has been made.
            2. Debit Notes: -
              1. Debit Notes are documents which are sent to the customers to notify them that the orignal invoice is undercharged. These are sometimes used by customers when returning goods to suppliers.
              2. Credit Notes: -
                1. Credit Notes are issused by suppliers when customers have returned goods, to act as a discount against any payments still outstanding or to be set off against the customers next purchase.
                2. Statements of Accouonts: -
                  1. These are doccuments that summarise all transactions between a buyer and a seller over a given period of time (usally one month).
                  2. Cheques: -
                    1. Cheques are blank forms which are issued by a bank that when completed act as instructions to the blank that the holder of an account wants to transfer a stated sum of money to a named person or business.
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