A debit note can be issued from a buyer to their seller to indicate or request a return of funds due to incorrect or damaged goods received, purchase cancellation, or other specified circumstances.
As a customer, if you receive goods that you would like to return to the supplier, you can issue a debit note to your supplier to claim back for goods you have received on credit.
If you (buyer) purchase goods from a seller or supplier, and you would like to return the goods for any valid reason, you can issue a debit note.
There are several reasons in which a debit note should be issued. Some common scenarios when to issue a debit note include:
- Goods received are damaged or defective
- The purchaser has been overcharged
- The invoice value is incorrect (due to extra goods being delivered, or goods are charged at a lesser value, etc.)
+Add Debit Notes
- Contact: Enter the Contact from the drop-down either it would-be a customer or a vendor.
- The currency will be automatically generated according to your base currency.
- Add the Account type from the dropdown
- Enter the Amount
- The complete settlement will fetch out according to the transaction from receive money.
- Click on save.