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SAP Offers Industry-Specific Packages That Customize Its Product for Particular

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SAP offers industry-specific packages that customize its product for particular uses.


Definitions:

Invoice Date

Invoice Date refers to the date listed on an invoice, indicating when it was issued and often starting the timeline for payment due.

Debit Balance

The remaining amount in a financial account whereby the sum of debits exceeds the sum of credits, typically indicating expenses or assets.

Perpetual Inventory System

A bookkeeping approach that instantly logs the transaction of inventory sales or purchases using computerized point-of-sale systems and enterprise asset management software.

Merchandise Returned

Goods that are sent back to the seller by the buyer, usually due to defects, incorrect orders, or other reasons.

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