credit note, credit memo and credit for returns

[Former Member]

All,

Can anyone explain to me the difference of the followong scenarios?

-Credit note

-Credit memo

-Credit for return

tia - Pablito

[Former Member · Accepted solution]

credit note and credit memo are same i.e when u pass the credit to the customer because of the excess amount u taken for example the high priced invoice, to balance it u create this type of document.

credit for returns is exclusively when you take back ur damaged goods for example u return the value of the goods to customer thru this type of document.

reward if helpful.

regards,

seshu.

[Former Member]

Hi

All are same only... only difference is we are using at differnt switchwations.

for example, we can use credit returns only for return orders.. for others we can use credit memo.... there is nothing big difference... we are using these types to differenciate some characters say number ranges

Muthupandiyan