Self Bill Invoice
Self-billing is a commercial arrangement between a
supplier and a customer, in which the customer prepares the supplier’s invoice
and forwards a copy to the supplier with the payment. You may issue self-billed
invoices to your suppliers if they have agreed to this method of
accounting.
The self-billed invoice may include GST in Malaysia if
the requisite conditions are met.
In terms of how to use,
the Self
Bill Invoice is the same as Purchase
Order, except that the voucher
uses a different prefix, i.e. “SBI”. Also, there is no Scheduled Delivery tab for a Self Bill
Invoice.
Similar to Purchase
Order, the Update GL button posts the transaction
under Purchase
Entry in the Supplier module. You
still need to match payment with the purchase invoice to settle the
payment.
Self Bill Invoice Quick View screen
The Order, Received and Update GL
buttons trigger the On Order, Delivered, and Posted columns respectively [in red
boxes]
Select New to create new self
bill invoice and double click on each
entry to edit their details.
The format is similar to the transaction screen for Purchase
Order
[see
above].
The delivery address here is also created
based on the warehouse addresses [refer to the Delivery Address tab in the
Purchase
Order
transaction screen.
