A bill book is a record-keeping document used to track and manage invoices, bills, or receipts for business transactions. It is commonly used by businesses to maintain a chronological record of all bills issued or received, including details such as:
Bill number: A unique identifier for each bill or invoice.
Date: The date when the bill was issued or received.
Vendor/Customer information: Details about the business or individual who issued the bill or to whom it was issued.
Amount: The total amount of money to be paid.
Description of goods/services: Information about the product or service for which the bill was issued.
Payment terms: The terms under which payment is due (e.g., within 30 days, upon receipt).
Bill books are essential for businesses to keep track of payments and ensure that all financial transactions are properly documented for accounting, taxation, and auditing purposes.
