Vardhan Tax
Access Billing

Help & Reference

Glossary

Key Billing terms in one place.

Terms

  • Business (tenant) — the company whose data you are working in; selected in the top bar.
  • Party / customer — a person or company you bill.
  • Item — a product or service in your catalog.
  • Draft — an unissued, editable document shown as "Draft N".
  • Issue — finalise a document: assign a number, snapshot totals/tax, and generate the file.
  • Tax invoice — a GST sales invoice (revenue).
  • Quotation / proforma — non-revenue documents used before billing.
  • Credit note — reduces what a customer owes and reduces net sales.
  • Debit note — increases what a customer owes and increases sales.
  • CGST / SGST — intra-state GST split (each roughly half the tax).
  • IGST — inter-state GST (the full line tax).
  • TDS — tax deducted at source; reduces the invoice total.
  • TCS — tax collected at source; adds to the invoice total.
  • HSN / SAC — GST classification codes for goods / services.
  • Paise — money is stored as integer paise (₹1 = 100 paise).
  • VPA — a UPI virtual payment address (your UPI ID).
  • Series — a numbering sequence with a prefix and next number.
  • Entitlement — whether the business is licensed to use Billing.
  • Permission — whether a user may perform an action.
  • Dunning — retrying failed subscription charges.
  • Audit trail — the log of billing actions and who performed them.
  • Team seat — one accepted member slot on a business (owner excluded from the count).
  • Supplier payment receipt — proof of payment issued to a vendor, shareable by link.