Sales : Sales is activity related to selling or the amount of goods or services sold in a given time period.
Sales Enquiry : Preliminary response from prospective customers, generally following an advertisement or sales promotion campaign. Number of inquiries (and their conversion into sales revenue) is a measure of the effectiveness of a firm’s marketing efforts. Also spelled as enquiry.
Sales quote : A sales quote allows a prospective buyer to see what costs would be involved for the work they would like to have done. Many businesses provide services that cannot have an upfront price, as the costs involved can vary.
Sales order : The Sales Order is a confirmation document sent to the customers before delivering the goods or services. Sales Order (SO) can be created once the quote is accepted by your prospective customer (potential) and the Purchase Order (PO) is sent by the customer for further processing.
Sales order short close: If the order does have completed invoices against it, the order can be “closed” by changing the quantity and the reason why the the quantity is reduced.
Delivery Note : A delivery note explains what the contents of a package are. If some goods that were ordered are not enclosed (due to lack of stock, unavailability, etc.) they will also be listed on the delivery note.
Sales Invoice : A sales invoice can be simply defined as the request of payment by the customer for goods sold or services provided the seller. An invoice generally lists the description and the quantity of the item sold or service provided. The document is also a record of the sale for both the seller and the buyer.
Cash sales : Cash sales are sales in which the payment obligation of the buyer is settled at once.
Sales return : Merchandise that was returned to the seller by a customer. This account is a contra sales account. When merchandise sold on credit isreturned, this account is debited and Accounts Receivable is credited.