Financial document

• What is a purchase order 


  What your going to order
• What is a delivery note


  Lists of all the foods delivered , should match the order )
• What is a goods received note 


  acknowledges that all goods have been received and delivered
• What is an invoice 


  A document requesting payment for items sent
• What is a remittance slip 


  Document proving the payment
• What is a receipt 


  Proof of payment
• What is a credit note

  List returned goods which can be offset against future purchases
• What is a statement of of account

  shows all completed transaction
• Revenue / turnover 


  Money coming into the business
• What is cost of sales 


  Costs of producing goods
• What are start up costs

  Costs incurred when setting up the business , paid once
• What are running costs

  Costs incurred on an ongoing basis for running the business
• What are fixed costs 


  Costs which don’t change with production , rent
• What are variable costs 


  Costs which do change with production e.g ingredients
• What are expenses 


  Indirect costs , utilities wages ,
• What is gross profit 


  Profit made before expenses
• What is net profit 


  Profit made after paying expenses
• What is profit and loss account

  Financial summary of an enterprises activities over A period of time , usually a year