During a sale of goods or services, a buyer and a seller enter into an agreement to transact business and complete a financial transaction. The agreement can be verbal or written, and the terms of the ...

While invoices and sales receipts may appear synonymous in the business world, QuickBooks does make a distinction between the two in terms of when and how customers are billed and pay for services ...

The One-Stop Shop Interagency Tax Credit and Duty Drawback Center (OSS Center) of the Department of Finance (DOF) on Tuesday reiterated the need for garments exporters to show proof of payment of ...

The cloud-based e-invoicing platform xSuite eDNA now supports both the receipt and transmission of e-invoices directly from SAP Ahrensburg/Germany, June 17, 2025 – In many countries around the ...

THE Bureau of Internal Revenue (BIR) said it will allow businesses to issue temporary receipts or invoices during the lockdown period. In Revenue Memorandum Circular No. 47-2020 issued May 6 and ...

When the financial year closes, many businesses make bulk purchases in March to optimise their GST outflow, but experts warn that this strategy can backfire. CA Nitin Kaushik explains that input tax ...