An invoice that will genuinely never be paid is called bad debt, and writing it off correctly involves more than just deleting the invoice — done right, it can also recover GST/HST already remitted...

Correcting an invoice after it's been sent — a pricing error, a return, an overcharge — shouldn't mean editing the original document. A credit note is the proper way to make that correction while keep...

Written by a Canadian bookkeeper with about 30 years of business and accounting experience and QBO Advanced Certification.

Net 30 shows up on invoices constantly, and while the basic meaning is simp...

Written by a Canadian bookkeeper with about 30 years of business and accounting experience and QBO Advanced Certification.

These two documents get used loosely and sometimes interchangeably in every...