Debit note vs. credit note: What’s the difference?
Explore the difference between a debit and credit note by learning what each term means, plus when and how businesses should use them.
Both debit notes and credit notes are official accounting documents, both used by businesses but for different purposes. Separate from an invoice, these notes let buyers know how much existing business credit they have or conversely, how much they still owe. They’re also critical to shipment tracking, payments due or if any credit remains on the...
What is the Difference Between an Invoice and a Bill? Does it Matter?
Business owners have an obligation not only to their customers, but to themselves, to develop literacy with the financial instruments they will use every day. When it comes to invoices vs. bills, it can get a bit tricky to understand what the difference is between the two documents and when to use either one. After all, a misunderstanding can lead to disaster as it can cause you anything from a mere headache to major financial loss.
Let’s take a look at the distinct...
How to legally change an invoice with a credit note
No matter how careful you are when invoicing, mistakes can happen. A customer’s address may be typed wrongly, a discount may not have been applied, or the items themselves may be incorrect. Once sent, you can no longer edit the invoice directly, and a credit note must be issued instead.
If you need to change an invoice, this needs to be done correctly and according to UK law. This article explains how to correctly and legally change an invoice with a credit note, and...
The difference between an invoice and a bill
‘Invoice’ and ‘bill’ are two terms that are often thrown around by businesses, customers, and accountants alike, and it’s pretty common for the terms to be used interchangeably. However, while invoices and bills do have a few things in common, they aren’t entirely identical.
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This article summarises the features of invoices and bills, explains the meaning of each, and how these documents are used in the business...
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Jeremiah Chapter 48
Verses 1-47: The Moabites were descendants of Lot who lived east of the Jordan River, and they had opposed Israel’s efforts to enter the Promised Land in the days of Moses (Gen. 19:37; Num. chapters 22-25). The recurring theme in this message is that the Lord would Judge Moab’s excessive pride (48:7, 26, 29-30, 42).
Jeremiah 48:1 “Against Moab thus saith the LORD of hosts, the God of Israel; Woe unto Nebo! for it is spoiled: Kiriathaim is confounded [and]...
5 Money Mistakes That Lead to Debt
Here are five common money mistakes that can quickly lead to debt. Avoid them at all costs.
1. Allowing a get-rich-quick mentality. Symptoms of a get-rich-quick mentality are evident in many of the investment schemes in the world today. Unfortunately, many Christians find themselves caught in the get-rich-quick trap before they realize what is actually happening.
Speculating on the future not only is a practice in surety, which is warned against in the Bible, but also is...
7 BIBLICAL PRINCIPLES OF MONEY MANAGEMENT
The 7 Biblical Principles of Money Management that you are about to learn were carefully selected to assist you in reaching financial freedom God’s way. Master these Heavenly Principles On Money Management and your financial life will never be the same again. Many desire to reach financial freedom and enjoy the benefits of a debt-free life but very few know how to go about successfully. Some start just to get lost along the way while others do not even know where to...
Biblical Personal Finance: Earning for God's Glory
To paraphrase a question often asked by a popular financial advisor, imagine what the people of God could do if their financial houses were in order.
If the question doesn't sound very "spiritual" we might have an unbiblical notion of spirituality. More than 2,000 Scripture verses deal with money and possessions. The way we manage money is fundamentally a spiritual matter (Luke 16:10-11). On top of this, consider the problems related to poor money management. In a recent survey 46% of...
Christian, obsessing over debt is still serving money.
2020 marked the beginning of a very long road out of debt for my wife and me. After years of digging a massive financial hole (all the while thinking making more money would save me) I realized the only way out was to radically change my view of money.
My desire to see money through a new light led me to begin hundreds of hours of research and study on the subject - from secular and "christian" finance gurus to purely Biblical principles on personal finance.
What I discovered was both...
My painful financial journey...and how God changed it.
Despite being in the financial world since I was in college, despite being "good with numbers", despite all the financial books I'd read, I destroyed my family's finances.
I dug a financial hole so deep it felt like I'd never be able to get my family out of it. So often as I looked over our debts, I just felt really embarrassed. I mean everyone saw me as the "money guy" - I was the one people always asked financial questions - so admitting that I had ruined my own financial health was a...
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