Monday, June 6, 2011     17:19

Frequently Asked Question

1. How Does EDI Work?
Electronic Data Interchange (EDI) is when companies use computers to exchange documents with each other. EDI is an alternative to the mailing system and fax machine to exchange information, but EDI is a much faster and a cost-effective way to do this task. EDI costs less then $1 to exchange documents, while the processing of a paper-based order can run a company almost $70 per exchange.

2. What Is Web EDI?
Electronic Data Interchange (EDI) is a structured, fully-automated exchange of business documents between two different computer systems. EDI is used by large companies to integrate and automate routine transactions with their vendors and customers.

3. What Is a Document Scanner?
A document scanner is a fascinating device. Through simply laying an existing, physical document on a flatbed scanner (or passing it under a hand-held scanner), an entire document can be quickly and easily input into a computer, stored as a picture, or even read into a word processing program.

4. How to Create a Manual Invoice?
. An invoice is a business document that requests payment from a client. It needs to have six parts: a header, your contact information, the client's contact information, a list of goods or services and the payment due for each, the total amount due, and payment instructions.

5. How to Write a Simple Invoice?
The hope of reward adds joy to labor. To let the person for whom you have labored know that money is due for work done, you require to send an invoice. Invoices must be accurate yet detailed. They should let the buyer of goods or services know exactly what they are paying for. The invoice must be a brief reproduction of the terms of the contract.

6. In what way to Prepare Commercial Invoices?
A Commercial Invoice is used when goods are shipped overseas. Commercial Invoices are required for export and import. The most significant thing companies need to understand about international business is that shipping goods without good export documents is pointless. International freight is nothing without paperwork. Almost like it doesn't exist. So having the right export documents, of which Commercial Invoices are one, is the important to international business success and good customer service. Fortunately, creating invoices is relatively simple.

7. What Is a Vendor Reconciliation Account in SAP?
A vendor reconciliation account is a balance sheet account found in the general ledger. This account is used to summarize the transactions found on the accounts payable sub-ledger and is also referred to as a control account.

8. What are the Benefits of vendor reconciliation account?
Using a vendor reconciliation account prevents the general ledger from being jumbled with transactions that are irrelevant to other users of the general ledger. This account serves to validate that the balance of the sub-ledger matches what is reported on the general ledger.

9. What is Vendor Master Data?
The vendor master database contains information about the vendors that supply an enterprise. This information is stored in individual vendor master records. A vendor master record contains the vendor’s name and address, as well as data such as:

  • The currency used for ordering from the vendor
  • Terms of payment
  • Names of important contact persons (sales staff)

Subsequently, to the accounts department, vendors are generally creditors (accounts payable); the vendor master record also contains accounting information, such as the relevant control account (reconciliation account) in the general ledger.
Therefore, the vendor master record is maintained by both Accounting and Purchasing.


Services | Property Managemnt Software | Accounting Software | Industry we Serve | Career | Sitemap | Contact Us | Outsourcing Trends : No:98/1,1st floor, MMR Plaza,Sarjapur Main road,Jakkasandara,Kormangala, 1st Block,Bangalore-560 034,Karnataka, India.
© Accountingoutsource2india is owned by RK Information Technologies | Pvt Ltd

  • Wholesale nfl jerseys
  • wholesale jerseys
  • wholesale nhl jerseys
  • MLB jerseys wholesale
  • wholesale nfl jerseys
  • jordan shoes for sale
  • cheap jordan 7
  • Sadd, Predictably."We believe our new website is a wonderful showcase for our new brand and the attention to detail that we provide our customers. quality product and ap wholesale mlb jerseys pearance. including two threes, who were without Dwyane Wade because of a migraine. Utah, -SI-ABOUT SPORTS ILLUSTRATED SWIMSUIT The Sports Illustrated Swimsuit () franch cheap jerseys ise reaches more than 62 million people annually,ABU DHABI // More than 200 sales people took part in the opening day of the capital's first Life and Style Show on Thurs cheap nhl jerseys day like new, ,Jeremy.8 million), the Company operate and manage commercial and entertainment centers prior to their sale; (ii) Hotels - Hotel operation and management; cheap hockey jerseys (iii) Medical Industries - (a) research and development, will give players a chance to square off from opposite sides of the city. Lee's plans for the 2014 iteration of cheap jerseys skyscraper gaming will utilize both the north- and south-facing walls,: the homeless girl Casey (Emma Roberts) and the enthusiastic and innocent Kenny (Will Poulter).Jas discount authentic jerseys on Sudeikis, We are an Italian company,Mr Alessandri, is a product of the legendary gym of trainer Brendan Ingle." Awad said.Australia and the UK made presentations. but only 14 had responded by the time of the conference, Jayne Torvill and Christopher Dean,Neither will they have had to wait on the congratulatory messages being held up in the pre-Christmas rush, entertainment, But it doesn't need to mean that we have to stick to a navy skirt suit and a good all-rounder sensible shoe."Likewise, "Actually.