Hello :) This is my Presentation for Accounts System . #Task_Done.

1. ERPNext
Foundation

2. Accounting System
 Sales Invoice
 Credit Note
 Intercompany Invoice
Topics :
Done By :
Marram Al-Nassiri

3. Sales Invoice :
The sale of goods from a business to a customer is documented
on a sales invoice.
Sales invoices are an essential document in a company's dossier.
Accurate preparation of sales invoices is key to receiving prompt
payment from customers.
An invoice generally lists the description and the quantity of the
item sold or service provided

4. Basic Purpose of Sales Invoice :
To keep a record of the sale. It provides a way to track the date a
good was sold, how much money was paid and any outstanding
debt. The invoice is an invaluable tool for accounting. It can also
track which employees make sales and the items they sell.

5. Recurring Invoices
If you have a contract with a Customer where you bill the
Customer on a monthly, quarterly, half-yearly or annual basis,
you can check the “Recurring Invoice” box. Here you can fill in
the details of how frequently you want to bill this Invoice and the
period for which the contract is valid.
ERPNext will automatically create new Invoices and mail it to the
Email Addresses you set.

6. Credit Note :
A credit note is a document sent by a seller to the customer,
notifying that a credit has been made to their account against the
goods returned by the buyer.
A credit note is issued in various situations to correct a mistake,
such as when :
(1) an invoice amount is overstated
(2) correct discount rate is not applied
(3) goods spoil within guaranty period
(4) they do not meet the buyer's specifications and are returned

7. Features of Credit Note :
A credit note lists the products, quantities and agreed prices for
products or services the seller provided the buyer, but the buyer
returned or did not receive. It may be issued in the case of
damaged goods, errors or allowances. In respect of the previously
issued invoice, a Credit Memo will reduce or eliminate the
amount the buyer has to pay
This is received if the goods are incomplete, damaged, or not as
per specification; customers may also receive one if they paid too
much money, or if they had been overcharged

8. Intercompany Invoice :
Means that you can create inter-linked invoices for multiple
companies.
When the invoice batch is processed and interfaced to Accounts
Receivable, the job cost and inventory detail for intercompany
invoices is stored in the MSII (Material Sales Intercompany
Invoices) file so that it can be used later to create the Accounts
Payable invoices. Once you have created the AP Intercompany
invoices, Job Cost and Inventory detail is updated, and invoices
can then be processed in the normal manner.

9. If both companies share the same customer and vendor groups, no
special setup is required for customer/vendor assignment. However, if
each company has their own customer and vendor master files, then you
must make sure that the customer and vendor numbers assigned to each
company (in HQ Company Setup) exist in both companies as shown in
the diagram below.

10. Summary :
 Sales Invoice : are an essential document in a
company's dossier. Accurate preparation of sales
invoices is key to receiving prompt payment from
customers.
 Credit Note : is a document sent by a seller to the
customer, notifying that a credit has been made to
their account against the goods returned by the
buyer.
 Intercompany Invoice : Means that you can create