Source Documents

• Receipt

  Acknowledges payment received from customers immediately after the business has sold goods or provided services.
• Remittance advice

  Informs credit supplier that payment by cheque has been made for a specific invoice.
• Invoice

  Informs credit customers of the amount owed after the business sold goods or provided services on credit.
• Credit note

  Reduces the amount owed by credit customers:

  : where goods were previously overcharged ; or after good were returned
• Debit note

  Increases the amount owed by credit customers who were previously undercharged,
• Payment voucher

  Processes payment to credit suppliers:

  : must be approved by authorized personnel; and must be supported by original supplier’s invoice.
• Bank statement

  Checks and tallies against the business records of its cash at bank account.