Difference between revisions of "Raising Invoices"

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== '''Raising Invoices''' ==
 
== '''Raising Invoices''' ==
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Companies use sales invoices to inform customers of the amount they owe in exchange for goods or services that were sold.
+
Organization use sales invoices to inform customers of the amount they owe in exchange for goods or services that were sold.Admin can generate various types of invoices like Sales Tax,Bill of Supply,Nil Rated,RCM etc.
  
 
== '''Roles''' ==
 
== '''Roles''' ==
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* Finance policy must be created
 
* Finance policy must be created
 
* Finance Admin Role to User
 
* Finance Admin Role to User
 +
* Client/Customers must be registered
  
 
== '''Terminologies Used''' ==
 
== '''Terminologies Used''' ==
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* GSTIN : GSTIN is GST identification number or GST number.
+
* Client/Customer : A client/Customer is a company's source of business and revenue.
 +
* Bill Of Supply : A Bill of Supply is issued when GST is not applicable on a transaction or when GST is not to be recovered from the customers.
 +
* RCM : Reverse Charge Mechanism
 +
* Sales Nil Rated : Goods or services on which GST rate of 0% is applicable are called '''nil''' rated goods or services.
 +
* Non GST : Non-GST Supply means supply of goods or services or both which is not leviable to tax under GST
  
 
== '''Inputs Needed''' ==
 
== '''Inputs Needed''' ==
 +
* Invoice Date
 +
* Service Name (Description)
 +
* Quantity & Rate (As applicable)
 +
* Amount
 +
* Remark
 +
* Bank details
  
 +
== '''Functionality''' ==
 +
1.Able to Raise Invoice
 +
*
  
 
== '''Step by step:''' ==
 
== '''Step by step:''' ==
 +
Generate Invoice
 +
[[File:Raising Invoices.png|border|center|frameless|798x798px]]
 +
[[File:Raising Invoices1.png|border|center|frameless|795x795px]]

Revision as of 11:28, 21 June 2020

Raising Invoices

Organization use sales invoices to inform customers of the amount they owe in exchange for goods or services that were sold.Admin can generate various types of invoices like Sales Tax,Bill of Supply,Nil Rated,RCM etc.

Roles

Finance Admin

Path

Finance Admin »

Pre-Requisite

  • Finance policy must be created
  • Finance Admin Role to User
  • Client/Customers must be registered

Terminologies Used

  • Client/Customer : A client/Customer is a company's source of business and revenue.
  • Bill Of Supply : A Bill of Supply is issued when GST is not applicable on a transaction or when GST is not to be recovered from the customers.
  • RCM : Reverse Charge Mechanism
  • Sales Nil Rated : Goods or services on which GST rate of 0% is applicable are called nil rated goods or services.
  • Non GST : Non-GST Supply means supply of goods or services or both which is not leviable to tax under GST

Inputs Needed

  • Invoice Date
  • Service Name (Description)
  • Quantity & Rate (As applicable)
  • Amount
  • Remark
  • Bank details

Functionality

1.Able to Raise Invoice

Step by step:

Generate Invoice

Raising Invoices.png
Raising Invoices1.png
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