INVOICE

An invoice is an itemized commercial document that records the products or services
delivered to the customer, the total amount due, and the preferred payment method.
The seller can send either paper or electronic invoices to the customer.
Supplementary Invoice
A supplementary tax invoice is an invoice that a taxable person issues if any deficiency
is found in a tax invoice already issued by the said taxable person. A supplementary
invoice is also known as a debit note. A supplementary invoice is used to rectify the
deficiency related to the original tax.
QUOTE
A quotation is a document that a seller provides to a buyer to offer goods or services at a
stated price, under specified conditions. Also known as quotes, sales quotes or sales
quotations, quotations are used to let a potential buyer know how much goods or services
will cost before they commit to the purchase.
ACCOUNT LEDGER
An accounting ledger is an account or record used to store bookkeeping entries for
balance-sheet and income-statement transactions. Accounting ledger journal entries can
include accounts like cash, accounts receivable, investments, inventory, accounts payable,
accrued expenses, and customer deposits.
CREDIT
In personal banking or financial accounting, a credit is an entry that shows that money
has been received. 
DEBIT

Debit means an entry recorded for a payment made or owed. A debit entry is
usually made on the left side of a ledger account. So, when a transaction occurs in a
double entry system, one account is debited while another account is credited.

OVERDUE
 not paid on time
OVERHEADS
Overhead costs are those that are not directly related to the production of goods or
services, but are necessary for the operation of a business. Examples of overhead
costs include rent, utilities, insurance, legal fees, office supplies, advertising, payroll, and
accounting fees.
TYPES
Fixed
Fixed cost is a business expense that does not change regardless of the activity level
of the business. Examples of fixed costs include rent, salaries, insurance, property taxes,
interest expenses, depreciation, and potentially some utilities.
VARIABLE
Variable cost is a production expense that increases or decreases depending on
changes in a company's manufacturing activity. For example, the raw materials used as
components of a product are variable costs because this type of expense typically fluctuates
based on the number of units produced.
SEMI VARIABLE
A semi-variable cost, also known as a semi-fixed cost or a mixed cost, is a cost composed
of a mixture of both fixed and variable components. Costs are fixed for a set level of
production or consumption, and they become variable after this production level is exceeded

PRICE
Price is the amount of money expected in exchange for goods or services. A company
sets prices for its goods and services. When customers pay these prices, a sale occurs,
which is recorded as revenue in the seller's accounting records
Cash Flow
The term cash flow refers to inflow and outflow of cash in a company. Cash received
represents inflows, while money spent represents outflows.
Profit&Loss
A profit and loss statement is a financial report that shows how much your business has
spent and earned over a specified time. It also shows whether you've made a profit or a
loss over that time – hence the name. A profit and loss statement might also be called a P&L
or an income statement.
PROFIT
Profit is the money you have left after paying for business expenses