credit-debit note/memo and sales creditnote/sales debit note

[Former Member]

Hii Experts,

I want to know the exact difference between these three

credit note/debit note

credit memo/debit memo

sales creditnote/sales debit note

Please explain me in detail with order,delivery and billing types.

Will be helpful to me a lot

(i hve search my quiery in the forum..but i didnt get clear information about sales credit and sales debit note)

Thanks and Regards,

Sirish

[Former Member]

Dear Sirish,

As, Invoice and Billing, are two different terms with the same meaning; similary Credit Note, Credit Memo are different trems, with the same meaning. The is applicable with Debit Note/ Debit Memo.

Some of the explainations, regarding Credit Memo & Debit Memo, have already been provided by other members; I hereby, provide link:

[SAP Help|http://help.sap.com/erp2005_ehp_03/helpdata/EN/a2/40418a496e11d3b3850008c719be0f/frameset.htm ]

as explained by SAP.

Best Regards,

Amit

Note: Other relevant links are:

[Credit Memo|http://help.sap.com/erp2005_ehp_03/helpdata/EN/a8/b99890452b11d189430000e829fbbd/frameset.htm]

[Dedit Memo Request|http://help.sap.com/erp2005_ehp_03/helpdata/EN/dd/55feb7545a11d1a7020000e829fd11/frameset.htm]

[Credit & Debit Memo Request|http://help.sap.com/erp2005_ehp_03/helpdata/EN/dd/561076545a11d1a7020000e829fd11/frameset.htm]

[Former Member]

ok amit..yur right.

i want to know the difference between debit/credit note and SALES DEBIT NOTE/SALES CREDIT NOTE

Please solve me in this

tnq

sirish

[Former Member]

Dear Sirish,

If you by the notes, the same is already mentioned in it.

[Credit/ Debit Note|http://www.sap-img.com/financial/what-is-debit-note-and-credit-note.htm]

[Credit/ Debit Note1|http://www.sap-img.com/sap-sd/what-is-debit-note-and-credit-note.htm]

[SAP Help|http://help.sap.com/erp2005_ehp_03/helpdata/EN/a2/40418a496e11d3b3850008c719be0f/frameset.htm]

Best Regards,

Amit.

Note: Alternatively, visit:

http://help.sap.com

[Search Forum|https://www.sdn.sap.com/irj/scn/forumsearch]

[Former Member]

ok tnq

[Former Member]

Hello,

Credit Memo : Document that reduces the bill-to party's obligations to the vendor or service agent. A credit memo is normally created if the goods supplied or service provided turns out to be defective or the price charged is too high .

Debit Memo : Document that increases the bill-to party's obligations to the vendor or service agent.

The debit memo represents the counterpart of a credit memo. It can be used,for example, if a customer is accidentally charged too low a price .

The terms Credit note and Credit memo are the same. Similarly Debit not and Debit memo are the same.

Prase

[Former Member]

What is Debit note and Credit note? What is the purpose? How we create?

1. A transaction that reduces Amounts Receivable from a customer is a credit memo. For eg. The customer could return damaged goods. A debit memo is a transaction that reduces Amounts Payable to a vendor because; you send damaged goods back to your vendor.

Credit memo=credit note and debit memo=debit note.

Link

https://www.sdn.sap.com/irj/scn/wiki?path=/display/erplo/debit%252band%252bcredit%252bmemo

Sam