Investigating the flow of financial documents 2

1. Investigating the flow of financial documents 2 This presentation provides an overview of the key points and financial documents related to paying for purchases. Note for tutors: If you wish to print out these slides, with notes, it is recommended that, for greater clarity you select the �pure black and white� option on the PowerPoint print dialogue box. This presentation provides an overview of the key points and financial documents related to paying for purchases. Note for tutors: If you wish to print out these slides, with notes, it is recommended that, for greater clarity you select the �pure black and white� option on the PowerPoint print dialogue box.

2. The sequence of documents Stage 2 � payment notification Seller makes out invoice listing goods, price, discounts and VAT Credit note is issued if any goods are returned End of month � seller issues statement of account listing all transactions and balance owing. May include remittance advice slip for buyer to return with payment This slide lists the key documents relating to payment notification, in sequence. In this case the students should note that all the documents are issued by the seller of the goods and sent to the buyer.This slide lists the key documents relating to payment notification, in sequence. In this case the students should note that all the documents are issued by the seller of the goods and sent to the buyer.

3. The invoice To: Jones and Kelly Riverside Walk HIGHTOWN HG2 8PP