The difference between a delivery note and a settlement note
1. The delivery note is actually the sales document between the seller and the buyer (customer), such as: Merchant A sells If you give Merchant B something, Merchant A will issue a delivery note to Merchant B. Then Merchant A will ask Merchant B to sign for the receipt; of course, you can also ask Merchant B to issue a warehouse receipt, which will indicate when and what time you picked up what. Model and price, and the names of the two merchants must be written down, as well as the seal of Merchant B. In the future, Merchant A can use this receipt to collect payment from Merchant B. This will facilitate future reconciliation and collection. This simplifies the transaction procedures between two merchants who often cooperate, and also makes transactions in the market more fluid!
The delivery order generally consists of: customer name, delivery order number, delivery date, It consists of fields such as product name, specification, unit, quantity, unit price, amount, delivery person, signee, etc.
Delivery notes can generally be divided into single, double, triple, or multiple copies.
The format of delivery orders in different industries is slightly different.
Nowadays, printing costs are relatively low, and many units go to printing factories to customize their own delivery orders, which not only ensures delivery If the content of the order is more suitable for you, you can also add some terms and print your phone number and website address, which will look higher-grade and better reflect the management level and strength of the user unit.
2 .The settlement document is a settlement voucher issued by a market operating agency. It is based on the actual transactions between market entities and is the basis for market entities to conduct fund settlement.
It mainly includes settlement power, settlement price, settlement Electricity charges, payment terms and payment methods, etc.
Settlement refers to the calculation, transfer and settlement of members’ trading margins, profits and losses, handling fees, delivery payments and other related funds based on transaction results and relevant regulations of the exchange. Including the exchange's settlement for members and the futures brokerage company's members' settlement for their clients, the calculation results will be included in the client's margin account.
The settlement of futures exchanges implements a margin system and is debt-free every day. system and risk reserve system, etc. In line with the hierarchical structure of the futures market, the settlement of futures transactions is also hierarchical and hierarchical. The exchange only settles for members, and non-member units and individuals settle through members of futures brokerage companies.
Principles of settlement
Under the conditions of commodity economy, the currency collection and payment behaviors among various economic units are caused by economic activities such as commodity transactions, labor supply and capital allocation. Settlement is based on different payment methods. It is divided into cash settlement, bill transfer and transfer settlement.
Cash settlement is the direct payment in cash between the payee and the payee. Bill transfer is the payment of bills to express the creditor-debt relationship. Transfer settlement is the transfer of funds through a bank. The currency collection and payment behavior of transferring money from the paying unit's account to the receiving unit's account.
The three principles that must be followed in settlement are as follows:
1. The money and goods must be cleared. That is, The seller must deliver goods on time, and the buyer must pay according to regulations, and must not default on payment or unreasonably refuse to pay.
2. Protect the legitimate rights and interests of both parties. Both parties must strictly perform the relevant terms of the contract and implement Provisions of the settlement system. When banks organize settlement work, they must proceed from the overall interests and must not favor any party.
3. Banks do not grant advances. Banks provide settlement services to enterprises and are only responsible for transferring the money from the payer. The account is transferred to the payee's account, and the money cannot be advanced. When the enterprise entrusts the bank to pay, it must have sufficient funds in the bank account; when the enterprise entrusts the bank to collect the money, it must wait for the payment to be received before it can be spent.
That’s it for us to talk about the difference between delivery note and settlement note. After a whole article of analysis, I believe everyone already knows the difference between them. You must remember to distinguish them in actual application. If you still have related accounting questions, please contact our experienced accountants directly for help. I believe you will gain a lot.