Glossary

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Credit notes are discount certifiactes passed on to customers from suppliers to record a reduction in sales. In effect they reduce the payable due to the supplier against a particualr invoice

Related Glossaries

Dangerous Goods

Dangerous goods refer to certain hazardous goods that the secretary of transportation has recognized as dangerous and are capable of imposing a threat to health, safety, and property while being shipped. Most courier firms ban the shipment of certain items because of the nature of the goods. These items must be carried with extreme caution and must be declared prior to shipment. Some harmful commodities are forbidden from shipping by one or more modes of transportation. Because of their chemical or physical qualities, certain commodities are designated as DG goods. Crackers, gases, flammable liquids, corrosive substances, and so on are examples.

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Drop-off Rate

It is calculated by dividing the number of people who abandons their cart by the total number of visitors to your website.

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Weight Reconciliation

Weight reconciliation ensures that the shipment weight is consistent, there is no different between trhe weight given by the seller and the weight calculated by the courier partner. This practice eliminates the hassle of weight discrepancy and revenue loss from excessive fees.

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Order Number

An order number serves as an identification or reference number that is assigned to a particular purchase or order. When a customer places an order through an e-commerce platform, the company typically assigns a unique order number to that specific transaction.

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