Customer & Vendor Management — Assessment

A one-off note A reusable master record that transactions link back to A type of invoice A report only

It does not Because every transaction links to one record, keeping history together Because it sets prices Because it deletes old data

Raising prices Flagging a customer before they over-extend, protecting against bad debt Speeding up the till Counting stock

Only the customer’s name Invoices, payments, credit notes, and the running balance Stock counts Staff rotas

They are not They split history and balances, and can hide double payments or over-limit customers They speed up reporting They lower taxes