ACCOUNTING - the process of recording, summarizing, and reporting financial transactions. It helps businesses understand their financial health and make informed decisions by producing key documents such as income statements and balance sheets.
SALES ORDER - the document confirming a customer's purchase, listing products, quantities, prices, and delivery details.
PURCHASE ORDER - the document a buyer sends to a supplier to request goods or services, detailing quantities, prices, and delivery terms.
PURCHASE INVOICE - the bill from a supplier requesting payment for goods or services delivered.
EXPENSE CLAIMS - requests by employees
for reimbursement of business-related costs.
for reimbursement of business-related costs.
CUSTOMER - the person or organization that buys goods or services from a business.
WAREHOUSE - tracks inventory storage, movement, and valuation, helping manage
stock levels and integrate with financial records.
stock levels and integrate with financial records.
FIXED ASSETS - the long-term tangible
assets used in a business to generate revenue,
such as buildings and machinery.
assets used in a business to generate revenue,
such as buildings and machinery.
BANK ACCOUNTS- the financial accounts at a bank that allow for deposits and withdrawals.
PRODUCT - item or service offered by a business to meet customer needs.
SERVICE - the intangible offering provided by a business to meet customer needs,
such as consulting or repair.
such as consulting or repair.