AP Invoice Types

AP Invoice Types

1] Standard

An invoice from a supplier representing an amount due for goods or services purchased. Standard invoices can be either matched to a purchase order or not matched.

2] Credit Memo

A memo from a supplier representing a credit amount toward goods or services.

3] Debit Memo

An invoice you enter to record a credit for a supplier who does not send you a credit memo.

4] Mixed

An invoice type you enter for matching to both purchase orders and invoices. You can enter either a positive or a negative amount for a Mixed invoice type.

5] Prepayment

A type of invoice you enter to pay an advance payment for expenses to a supplier or employee.

6] Expense Report

An invoice representing an amount due to an employee for business-related expenses.

7] Withholding Tax

An invoice you enter to remit taxes withheld to the appropriate tax authority.

8] Interest

If you allow interest invoices, payables will automatically calculate interest for overdue invoices and create interest invoices for selected suppliers.

9] Retainage Release

Invoices created for complex work and advance contract financing.

10] Transportation Invoices

Invoices from freight payment

 

AP Invoice Types

AP Invoice Types

1] Standard

An invoice from a supplier representing an amount due for goods or services purchased. Standard invoices can be either matched to a purchase order or not matched.

2] Credit Memo

A memo from a supplier representing a credit amount toward goods or services.

3] Debit Memo

An invoice you enter to record a credit for a supplier who does not send you a credit memo.

4] Mixed

An invoice type you enter for matching to both purchase orders and invoices. You can enter either a positive or a negative amount for a Mixed invoice type.

5] Prepayment

A type of invoice you enter to pay an advance payment for expenses to a supplier or employee.

6] Expense Report

An invoice representing an amount due to an employee for business-related expenses.

7] Withholding Tax

An invoice you enter to remit taxes withheld to the appropriate tax authority.

8] Interest

If you allow interest invoices, payables will automatically calculate interest for overdue invoices and create interest invoices for selected suppliers.

9] Retainage Release

Invoices created for complex work and advance contract financing.

10] Transportation Invoices

Invoices from freight payment

Invoiece Types

AP INVOICE 
11 invoice are there
1) Regular invoice (9)
2) Special invoice (2)

1) Regular Invoice

1. Standard invoice :
    We will make all the payments based on the structure invoice. In standard invoice we will enter the supplier, supplier type, invoice account, date and currency.

2. Credit memo :
   We will create the credit memo invoices whenever supplier giving the discounts.

3. Debit memo :

   Some times company will deduct some amount from the invoice amount that will be make it debit memo.

4. Prepaid invoice :
    Advance payment paid to the supplier for future purpose.
There are two types.

Temporary :

   This is adjustable towards the invoice.

Permanent :

   This is not adjustable towards the invoice but can be convertible to temporary prepayment.

5. Expense Invoice :
    These will be applicable for employees who are working in the company where ap and internal expenses and project expenses will be included.

6. Quck invoice :
   
7. Mixed invoice :
    A Mixed invoice includes negative and positive amounts. We can match these invoices with purchase orders  and their invoices.

8. PO default  :
    If We want to make invoice as per the po then we will create the po default. We will give the po number system will pick the complete po information.
  
9. Withholding Tax invoice :
   We  have to pay the tax for some goods. 

2) Special Invoice 

1. Recurring invoice :
    We can create invoices for periodic business for which we may not receive from the suppliers. 
 
2. Interest invoice :

AR TRANSACTIONS ( Invoice ) 7
1. Invoice
2. Credit memo
3. Debit memo
4. Deposit
5. Guaranty
6. Chargeback
7. Bills Receivables