0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the gross value of the invoice?
The gross value of the invoice would be the sum total of all articles listed on the Bill of Laden. The gross value of the invoice will include value of items delivered vide challan,state tax, vat etc. in domestic sales. Whereas in export, in CIF terms, the gross value of invoice will include value of items despatched under Bill of Lading or Airway Bill as the case may be,the pre paid freight and insurance premium amount as there is no form of tax on export.
Does the gross value on an invoice include vat?
yes
What is the difference between gross sales and gross receipts as far as an audit is concerned?
GROSS RECEIPTS is the total amount received prior to the deduction of any allowances, discounts, credits, etc. GROSS REVENUE is income (at invoice values) received for goods and services over some given period of time. GROSS SALES is the total revenue at invoice value prior to any discounts or allowances. Gross Receipts = Gross Revenue = Gross Receipts They are all the same thing, which is the total amount of revenue that a business generates during a year prior to taking any discounts, allowances, etc. Gross Sales - COGS = Gross Profit Gross Receipts - COGS = Gross Profit Gross Revenue - COGS = Gross Profit
What is the purpose of entering the amount from the invoice?
Verification that the amount invoiced matches the amount ordered and received
What are the effects of debit memo or credit memo on invoice for the purpose of collection?
Credit memo basically is raised to discount off the original invoice, so the original invoice amount gets reduced and the customer needs to pay only the reduced amount.
Is the brokerage will be included in net price?
It is only in the gross price that brokerage/commission amount will be shown in the invoice.
What is the gross value of the invoice?
The gross value of the invoice would be the sum total of all articles listed on the Bill of Laden. The gross value of the invoice will include value of items delivered vide challan,state tax, vat etc. in domestic sales. Whereas in export, in CIF terms, the gross value of invoice will include value of items despatched under Bill of Lading or Airway Bill as the case may be,the pre paid freight and insurance premium amount as there is no form of tax on export.
Does the gross value on an invoice include vat?
yes
What is the difference between gross sales and gross receipts as far as an audit is concerned?
GROSS RECEIPTS is the total amount received prior to the deduction of any allowances, discounts, credits, etc. GROSS REVENUE is income (at invoice values) received for goods and services over some given period of time. GROSS SALES is the total revenue at invoice value prior to any discounts or allowances. Gross Receipts = Gross Revenue = Gross Receipts They are all the same thing, which is the total amount of revenue that a business generates during a year prior to taking any discounts, allowances, etc. Gross Sales - COGS = Gross Profit Gross Receipts - COGS = Gross Profit Gross Revenue - COGS = Gross Profit
On an invoice the invoice total inludes?
An invoice total will be the full amount the customer or client owes you. This amount will include all fees and any taxes.
Can an invoice amount be different than amount billed?
Yes, an invoice amount can be different from the amount billed. The invoice amount is the total amount charged for goods or services, while the amount billed refers to the specific portion that is being requested for payment at a given time. Changes in quantity, discounts, or additional charges can all lead to differences between the invoice amount and amount billed.
This term refers to the total amount without deductions?
Gross amount.
What is the purpose of entering the amount from the invoice?
Verification that the amount invoiced matches the amount ordered and received
What are the effects of debit memo or credit memo on invoice for the purpose of collection?
Credit memo basically is raised to discount off the original invoice, so the original invoice amount gets reduced and the customer needs to pay only the reduced amount.
How do you invoice your freelance works?
Depending on the payment terms that the freelancer and the client have agreed on, a freelancer can send a weekly, bi-weekly, or monthly invoice through the use of online invoicing software or a simple spreadsheet file. The invoice must include the services done, the date the work is performed, the amount of hours worked on, the invoice date, the amount of invoice, the name of the freelancer and the name of the client.
When is an invoice used?
An invoice is used by a company to collect a bill due. It is sent to you, advising you to pay a certain amount by a certain date.
What does invoice price mean?
it is the final price or total amount that you ought to pay to a company or person.(usually find invoice on Ebay)
