Credit note

[Former Member]

Dear all,

What is Credit note and Debit note

and what is credit memo and Debit memo....

Can you plzz clarify my doubt

Thanks in Advance

Regards

Luckky

[Former Member · Accepted solution]

HI lucky

Credit note and debit note credit memo debit memo all same there is no much difference.

this all it comes when we send a invoice if there is any problam in the invoice. in the sence.

EXample we have quated rate 100 but we have send the invoice for 120 diffenettly customer will fight -

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right.

1) for that we will raise the credit memo.or credit note both or same.

2) similarly our price is 100 but our company warehouse clerk has send the bill 80 RS then loos for the company.

3) fot that we raise the debit memo or debit note what ever.

this all it comes in dispute management (Complaints).

I hope you have understood if your doubts is clear don't forget to reward.

thanks

surya

[Former Member]

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 request is a sales document used in complaints processing to request a credit memo for a customer. If the price calculated for the customer is too high, for example, because the wrong scale prices were used or a discount was forgotten, you can create a credit memo request. The credit memo request is blocked for further processing so that it can be checked. If the request is approved, you can remove the block. The system uses the credit memo request to create a credit memo

Debit memo request is a sales document used in complaints processing to request a debit memo for a customer. If the prices calculated for the customer were too low, for example, calculated with the wrong scaled prices, you can create a debit memo request. The debit memo request can be blocked so that it can be checked. When it has been approved, you can remove the block. It is like a standard order. The system uses the debit memo request to create a debit memo.

Raghu

[Former Member]

dear lucky,

go to the following link,

if helpful reward points

http://help.sap.com/saphelp_47x200/helpdata/en/80/ceafb47f4c11d5992f00508b6b8b11/frameset.htm

regards,

Sudhir

[Former Member]

Hi,

My doubt is ...what is the Diff between Credit note and Credit Memo

whether is it both are same or any difference is thr...

thanks in advcne

Regards

Luckky

[Former Member]

Dear Friend,

What is the Credit Note for and when to use it ?

A Credit Note or Credit Memo is a document used to adjust or rectify errors made in a sales invoice which has already been processed and sent to a customer. If you have already sent an invoice to a customer but now need to provide a credit for that invoice, you would send them a Credit Note or Credit Memo. You can think of a credit note as a "negative invoice."

Some examples of when you would use a Credit Note

Unit price overcharged or over-billed : For example you issued an invoice for an item for $1100 when the correct price of the item should have been $1010 instead. Therefore you need to issue Credit Note to give a credit of $90 to your customer for the amount over-billed. View Sample

Goods short shipped : You invoiced a customer for 10 units of your product but only shipped 9 units to them by mistake. The customer then calls you to say that 9 units are okay and does not want the shortfall item at the moment. Therefore you need to issue a Credit Note to credit your customer for the shortfall quantity of 1 unit. View Sample

Faulty goods returned or goods rejected by customer. You would issue a credit note for the goods returned to correct your Accounts Receivable and Inventory. View Sample

Product Wrongly Shipped : You wrongly invoiced and shipped Product A when the customer actually ordered Product B which may or may not be at a different price. To rectify this, you would then ship Product B together with a Credit Note for Product A and another invoice for product B. This will restore the inventory and Accounts Receivable in your books while billing the customer for the correct item and amount. Meanwhile the customer returns the incorrect Product A. View Sample

Discounts given after the invoice is issued: You sent an invoice for $1100. The customer then calls you asking for a discount and ask you to waive the $100 making the net invoice amount $1000. You agree to this in good faith. You would then issue a credit note for $100 to this customer to adjust for the discount given. View Sample

To Write-off Customer Short Payments : You send an invoice for say $2010. The customer sends you a short payment of $2000 only. You do not wish to recover the shortfall amount but your books indicate that $10 is still owing on this invoice. You can then issue a credit note of $10 to write-off the shortfall amount.

Rewards points if Useful,

regards,

Amlan Sarkar