Having the basic knowledge of accounting is essential if you are a business owner and want to run your business smoothly in Melbourne. It will help you to take the right business decision and help you to know about your business performance. It provides you a summary of the business transactions that you have made during your business journey. There are many business owners in Melbourne who misunderstand the concepts or invoice and receipt. They are confused in between these different concepts. So, here we are with some key things that you should know if you want to understand these terms of bookkeeping. Take a look: www.agibookkeeping.com.au/invoice-vs-receipt-whats-the-difference/