We get asked this question all the time from our new users. What is the difference between a sales order and an invoice in SalesBinder?
Here's the key differences:
Sales Orders:
- reserves and holds inventory quantities (doesn't deduct quantities)
- can have 1 or more invoices generated and attached to each sales order
- can have multiple packing lists and shipments
- displays the invoiced percent, paid percent, packed percent, and shipped percent directly on the sales order list
- does not affect any financial related reports (only the invoices generated from a sales order will be counted as revenue)
Invoices:
- deducts inventory quantities as soon as the invoice is saved (marks the inventory as sold)
- your revenue is reported based on your invoice data
- payments can be applied to invoices