Business accounting can cause headaches for a variety of reasons but, if done right, issuing credits to your customers does not have to be one of the causes. Credit memos are a simple way of adjusting ...

A new facility in Invoice Management System (IMS) has been introduced on GST portal wherein taxpayers are allowed to keep ...

If goods are exchanged, the Requester creates and submits a new requisition for the replacement goods. The original invoice for the returned goods and any invoices for replacement goods must be paid ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance ...

If you need to adjust the credit balance in a customer's account, you have to use a different process depending on whether you're increasing or decreasing the credit balance. If you're decreasing the ...