Interim invoices are used in handling taxes. The meaning of interim invoices is a request for payment on costs incurred during a process.
As a general rule, yes, they can. Unless the claims are limited by contract or legal agreement, debts never go away.
yes they do, and remember A/Ps invoices are purchases by the company you work for and this means money going out ot the company, but if your company is also selling to your vender ( A/R) then may the clerk will also do A/R invoices.
I recommend that you process credit notes in the same period in which you posted the invoices, in order to contra them. Then, re-post the invoices in the correct period. If you have any other queries relating to Pastel, feel free to register on my free Pastel user forum at www.doubleentry.co.za.
The registration process is made to be fast and simple. Normally, companies need 48 hours to join up to some logistics finance program and begin selling their invoices for early payment.
no entry when invoices received, journal entry made when transaction occured and not when invoices received.
invoices translates as Rechnungen
Cash flow factoring is a process in which companies that have cash flow issues and slow-paying customers often sell their invoices or accounts receivables to specialized companies (these are the factors). The factor advances most of the invoices by 70-90%.
Your country's import and export guidelines cover your export of gems and invoices; a local international broker can help you specifically. The process may be different depending upon which receiving country is involved.
Invoices are attached to journal vouchers
Only invoices payable by another business, current, and unpledged invoices are eligible for factoring. However, not every single invoice needs to be factored. Businesses are allowed to determine which invoices they want to factor.
No, the original creditor has sold the debt and is no longer involved in the collection process.