The money memorandum must be signed by a duly authorized person – In order for it to be more effective Terms and Conditions if applicable. The sum of the amount stated in the financial memorandum needs to be written in words and numbers. Price – Ability to do business-based sales.ĭiscount (Trade discount or cash discount) will be shown separately – Tracking discounts offered.īuyer and supplier tax registration number in the event of a sale – For tax purposes. Property Rates – To calculate sales value. Price of goods – Good tracking of sales and knowing of inventory. Memo date – Monitoring daily and monthly transactions.Ĭustomer or customer order number – Tracking the volume of operations performed by a single customer.ĭescription of goods – Identifying the type of goods for sale. Name and address of the supplier – Verifying that the supplier has sold.īuyer’s Name and Address – Serves as proof that the buyer is recording the purchase.Ĭash memo serial number – Serves as a tracker for business transactions, recording all transactions without losing any transaction. Here we can see the sample of format of cash memo

Credit trading cannot be done with a cash invitation, as it can only be issued for a transaction if the money is received.

It is a negotiable trading tool that serves as the seller’s proof that money has been received from the customer through the goods sold and that the buyer can book the costs and account for them in cash balance. It is used to know business financing, tax payments, reconciliation and analysis, Inventory planning, cash flow status, etc. Cash MemoĬash Memo is equivalent to a copy of an invoice and a legal document. It is prepared with a copy, as the first one will be given to the buyer, and the seller will keep a duplicate copy. It is the documentary proof of all transactions made by the business, and is proof of the cash purchase of the consumer.

Cash Memo is one of the transaction records between buyer and seller, and the seller arranges for the sale of the money, and the same is given to the buyer when the goods are purchased.

Ms word cash memo bill format