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Online business accounting
Hi Sir,
we are starting a new website of www.textilebasket.com
customer place a order to textilebasket.com then we are direct supply their order to our customer by courier company.
so we are confuse how to prepare customer accounting. please give explain me as per below point
1. which a/c we raise for sales.
2. which documents we maintain for accounting purpose for sale. (like sale invoice, courier detail, payment proof) in above sale is it complusary maintain customer wise leadger.
Replies (1)
maintainance of accounts depends on the system you follow for sales. If you collect the cash on delivery then you have to prepare the cash memo for sale and rais the invoince accordingly. In all cases you have to raid the invoice in three copies one has to be ratained with you and two will go with the delivery. YOu need to get the acknowledgemenet on the second copy as the proof of delivery from courier company as the proof. It is always better to maintain the customer wise ledger for each invoice and each supply to keep the track of delivery payments and even in case of retun of goods.
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