Concepts

A customer is a party that has an established commercial relationship with a business and can be billed for goods or services.

/concepts/customer · updated 2026-08-13

An invoice is a document that creates a legally enforceable obligation for a buyer to pay a seller a stated amount by a stated date.

/concepts/invoice · updated 2026-08-13

A purchase order is a buyer's binding commitment to acquire specified goods or services from a supplier at agreed terms.

/concepts/purchase-order · updated 2026-08-13

A sales order is a seller's confirmed commitment to supply specified goods or services to a customer at agreed prices and dates.

/concepts/sales-order · updated 2026-08-13

A delivery note is the record that specified goods physically left the seller's control and were transferred to the buyer.

/concepts/delivery-note · updated 2026-08-13

A payment is a transfer of money that discharges some or all of an obligation between two parties.

/concepts/payment · updated 2026-08-13

A credit note is a document that reduces or cancels an amount a customer owes, by reversing all or part of a previously issued invoice.

/concepts/credit-note · updated 2026-08-13

A supplier is a party from which a business acquires goods or services and to which it therefore owes payment.

/concepts/supplier · updated 2026-08-13

A purchase receipt is the record that specified goods physically arrived from a supplier and entered the buyer's control.

/concepts/purchase-receipt · updated 2026-08-13

A purchase invoice is a supplier's demand for payment that creates a liability in the buyer's accounts.

/concepts/purchase-invoice · updated 2026-08-13

The general ledger is the complete, permanent record of every financial transaction a business has posted, organised by account.

/concepts/general-ledger · updated 2026-08-13

An item is a distinct good or service that a business buys, sells, stocks or manufactures, identified by a unique code.

/concepts/item · updated 2026-08-13

A GSTIN is a 15-character registration number issued to a business for a specific Indian state, under which that business collects and remits GST for operations in that state.

/concepts/gstin · updated 2026-08-13

A warehouse is a defined location at which stock is held and against which stock movements are recorded.

/concepts/warehouse · updated 2026-08-13

A company is a legal entity that owns assets, incurs liabilities, files its own statutory accounts, and under which all transactions of a business unit are recorded.

/concepts/company · updated 2026-08-13

A tax rule is the logic that determines which tax rates apply to a transaction, based on what is being sold, who is buying, and where the supply takes place.

/concepts/tax-rule · updated 2026-08-13

A quotation is a seller's formal offer to supply specified goods or services at stated prices, valid for a stated period.

/concepts/quotation · updated 2026-08-13

A return is the movement of goods back from a buyer to a seller, reversing all or part of a completed delivery.

/concepts/return · updated 2026-08-13

An approval workflow is a defined sequence of authorisations a document must obtain before it becomes binding or actionable.

/concepts/approval-workflow · updated 2026-08-13

A chart of accounts is the structured list of every account against which a business records financial transactions.

/concepts/chart-of-accounts · updated 2026-08-13

A contact is a person associated with one or more parties a business deals with, reachable by name and channel.

/concepts/contact · updated 2026-08-13

An address is a physical or registered location associated with a party, used for delivery, billing or statutory identification.

/concepts/address · updated 2026-08-13

An employee is a person engaged by a business under a contract of employment, carrying a payroll identity and a set of system permissions.

/concepts/employee · updated 2026-08-13

A bank statement is the bank's record of every movement into and out of an account over a period, against which a business reconciles its own books.

/concepts/bank-statement · updated 2026-08-13