Non Trade Invoices

| Used to keep track of all the financial transaction in a business such as all items purchased, all bills paid, and all payroll calculations

First, we conducted risk-based approach with data analysis techniques-unusual invoice and unusual comments, to identify the unusual items that are in the accounts receivable detailed listing, and tested whether there are invoices outside the expected range of invoice number and “special” comments associated with accounts receivable items. As a result, there were no invoice number out of range, and Invoice 1000919, 1000845, 1001097 are “special” comments associated with accounts receivable.

* Documents used: customer order, sales order, shipping document, sales invoice, sales journal, remittance advice, bank deposit list, cash receipts jornal, credit memo, sales return and allowance journal, uncollectable account authorization form, a/r master file, a/r trail balance, monthly statement

Sales invoices are prepared in batches on a daily basis using numbered sales invoices. Sales invoice numbers are automatically generated by the company’s computer system. The accounts receivable clerk does not have appropriate computer rights to override the computer-generated invoice number. Upon preparing sales invoices, the accounts receivable clerk verifies that the first invoice number of the batch is consistent with the last invoice number of the previous batch. Inconsistencies or skipped sales invoice numbers are investigated and resolved before new sales invoices are prepared. The items shipped are compared to the items billed for proper quantity, price, and other sales order terms.

There are several red flags in the invoices. There are several invoice numbers that are repeated and have an A at the end of the repeated invoice.

Invoicing is a best way to keep record of different business transactions (outside factory transactions) and sales or purchases for potential uses whereas, an excise invoice is one of the most significant business documents that is used by different organizations, businesses and manufacturing companies to give details and information about goods being issued by the manufacturing department or plant (outside the factory). These goods may be transferred from one plant to another for finishing, packing, any further work or may be issued to vendors and retailers for sale reasons. Excise invoice includes:

List and record each transaction for S. Zee Outpatient Clinic under the accrual basis of accounting at December 31, 20X1, then develop a balance sheet as of December 31, 20X1, and a statement of operations for the year ended December 31, 20X1.

The company accounts for these transactions as sales in accordance with Statement of Financial Accounting Standards No. 77, ‘’Reporting

Provide a brief description of each of the three main returns and lodgments that are required by GST registered entities.

Each debit entry should be corroborated by an appropriate sales invoice agreeing as to amount and customer.

I/We (the Customer) agree to pay (our) account, which is the amount stated on the invoice as “Total Invoice Amount,” within the terms mutually agreed upon by Randal Optimal Nutrients, LLC. (Seller) and Customer. Our standard terms are 1% 10, Net 30 from the invoice date. Past due accounts are subject to a service charge of 1.5% per month (18% annual percentage rate). Customer will provide to Seller a valid resale license, and as such will be responsible for all taxes related to the purchase, use and sale of product sold to Customer.

Trace items returned to the receiving report, taking note of quantity and date received (S‑4).

I was able to migrate all existing clients to IBHIS. I did noticed that I have a few clients under “Claims with problems preventing Invoicing” that were not in the drop down list to migrate to IBHIS.

3.1. The Seller and the Buyer both acknowledge the sufficiency of this consideration. In addition to the purchase price specified in this Agreement, the amount of any present or future sales, use, excise or similar tax applicable to the sale of the Goods will be paid by the Buyer, or alternatively, the Buyer will provide the Seller with tax exemption certificate acceptable to the applicable taxing authorities.

Account Payable – records information about money that organization owes to suppliers and service providers