Create a Self Billing Invoice Example for Administration Effortlessly

Self billing invoice example for Administration

welcome to the e-learning for sage 50 on the topic of the self-build invoice a self-billing invoice is when the buyer issues the invoice to himself a self-build invoice can be issued when both supplier and recipient are gst registered persons and both agree to a self-build invoice in this topic you will learn how to enter a self-build invoice in just few simple steps the self-build invoice is an official document once issued all copies will be marked as duplicates therefore any business must be aware and be in proper control of self-build invoices being issued by their business this is a sample of a self-build invoice and the following are details required on a self-build invoice company information including the gst registration number which is your business full supplier information for reference including address and gst registration number a serialized invoice number together with the date and the invoice header clearly shown on the document in self build invoice rmcd approval is required and rmcd approval number must be listed on the self-build invoice for purchases there needs to be the appropriate description of the product the quantity unit price and the discounts if any thereafter the total amount much be shown excluding gst then the gst amount and then the total there should be an indication of the tax code or rate of tax at the end of the invoice there should be a gst summary on all gst charged the gross amount as well as the tax amounts now that you have understood what a self-build invoice would look like we will show how easy it is to administrate a proper self-build invoice in our products via the gst wizard you would already provided and updated all the relevant information for your own company information via the gst wizard as well you would have reviewed and ensured the proper information is created for each supplier after both are done creating an invoice is simple create a new invoice in sage products invoice numbers will be assigned automatically if auto numbering setting has been active notice the important serialized invoice number and also the invoice date select the supplier note that all the necessary information is already filled next select the product or good received from your supplier the quantity and the price apply any discounts if applicable and then review the gst code applied if your system has been set up via the gst wizard the gst code will automatically be populated for the conditions of this purchases and you will notice that the amounts are all calculated automatically once complete save the invoice you may print the invoice once you are clear that it is the final invoice here we will print a final invoice and we review the format available it contains all the required parameters of a self-build invoice and there it is thank you and have a nice day