Credit Note Example

A Credit note It is a commercial document of accounting utility, which is used when it is necessary to make an adjustment to the amount that a person has paid in a commercial transaction.

These adjustments may be due to an error in billing or a promotion made to a special customer. The Credit note it is only prepared when the invoice corresponding to the transaction carried out has already been issued.

Another cause for which a Credit note It is when there is a total or partial return of the goods covered by an invoice.

Accountingly the Credit note is registered in the return accounts and a refund of the money can be applied, the exchange of merchandise for another equal or the acquisition of new merchandise that covers the amount established in the Credit note. By registering this document it is possible to justify the non-entry of money in the bank accounts.

It can have different formats, the most common are the type of invoice, which is used when it is necessary to detail the items covered by the note; The other most used is the one that has the form of annotation in which the articles are not detailed but only the monetary amount that is protected; This format is most used when a discount is made after the merchandise is invoiced.

Credit note example:

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