The pro forma invoice, invoice, and receipt have unique purposes and functions in the buying and selling process. Accounts receivable teams need to understand the difference between these documents and use them correctly to keep accurate records and maintain smooth transactions.
COVID-19 has spun business on its head. While some businesses are powering on, others are scrambling to survive. Importantly, a customer’s obligation to pay for goods and services that you have provided has not changed. Your process to collect debts should adapt if it needs to, but it should continue. Overdue invoices are an unnecessary […]
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