What is a Invoice

A invoice is created within the optional WinTPS Rental Production software for wholesale type store/accounts.

A rental order is comprised of rental inventory items that each have assigned wholesale pricing on the Inventory Rental tab. A order will compute a total rental price after any package discounts & promotions. The total rental price of the order is transferred to a sales ticket. There is a one to one relationship between a rental order and sales ticket, i.e. one ticket to one rental order.

WinTPS will allow multiple orders to be shipped within a shipping batch. Multiple shipping batches may be processed before the next invoice is printed for an account. Shipping charges may be entered for a shipping batch. Shipping charges entered for a batch of orders will be equally distributed to each sales ticket. For example, five orders are being shipped in a batch with a UPS shipping charge of $20. Each order would automatically receive a shipping transaction of $4.00.

Sales of services and retail or use rental inventory to a wholesale account will also create a sales ticket.

A Invoice, when created for the wholesale account, will be consolidated of all the sales ticket transactions from the last time an invoice was created. The total due for the invoice will be the sum of all the ticket transactions.

All manual adjustments that effect the price of any ticket transaction will be applied to the same invoice that the original ticket transaction was assigned. Invoices may also be created for rental and sales tickets for Retail type customers via the Retail Invoicing function.