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When do we need to issue a Bill of Supply?In the article you will find out specific cases why and who need to issue a Bill of Supply document in India.
How does the Purchase Requisition process work?Once an employee realizes the need for goods, he requests that the items be purchased. The next step is to fill out a purchase requisition form with the details.
Benefits of a Purchase RequisitionAlthough Purchase Requisitions make the purchasing process more manageable and transparent, here are other significant benefits of Purchase requisitions.
What is a Purchase Requisition? | Meaning, Purpose, FormatPurchase requisitions are internal forms used by employees to order goods or services for their companies. Companies may need these goods for business operations.
What is a Bill of Material (BOM)? | Meaning, Purpose, FormatManufacturing businesses use Bills of Material (BOM) to keep track of their inventories. BOMs help manufacturing units design, plan inventories, estimate costs, etc.
What Are Request For Quotation (RFQ) and Request For Proposal (RFP)Before writing a Request for Quotations (RFQ) or Request for Proposals (RFP), be sure of your needs and what opportunities you have during the outsourcing relationship.
What is a receipt?A receipt is required for B2C & B2B transactions. For consumers, the receipt proves when exchanging goods or resolving issues with service providers.
When do we need to issue a Receipt Voucher?In this article, we will discuss the importance of a Receipt Voucher. When and why do we need to issue the document? In India, all taxpayers are obligated to issue a Receipt Voucher.
Tax Invoice vs Receipt: What are the Differences You Need to KnowA receipt or a Tax invoice may be used as a transaction record, depending on the circumstances. While both are used to record financial transactions, their objectives are pretty different.
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