Payment terms are the conditions agreed upon between a company and its business partners regarding the payment of invoices.

Credit memo is a document issued by a supplier to the customer notifying the reduction of the amount that a customer owes to the customer.

An advance payment received from a customer or an advance payment made to supplier, part of full payment and rest of money paid later.

Accrual & Deferral is a document method that involves making provisions at the end of a month and reversing them on the first working day...

General Ledger document posting refers to the process of recording financial transactions in the G/L accurately, and it provides a basis. ..