Invoice
Invoice is a formal document sent to a customer requesting payment for goods or services provided. It details the amount owed, payment terms, due date, and description of the transaction. Invoices are key for accounts receivable, cash flow tracking, and legal proof of sale.
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Installment
Installment is a partial payment made on a schedule toward settling a larger debt or purchase. Installments break down the…
Interim Financial Statement
Financial reports prepared for a period shorter than a full fiscal year typically quarterly or monthly. They provide stakeholders with…
Internal Control
Policies and procedures designed to safeguard assets, ensure accurate financial reporting, and promote compliance with laws. Internal controls reduce the…
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