Knowledge Base
    Invoicing

    Credit Note

    A document issued by a seller to reduce the amount a buyer owes, typically used for returns, overcharges, or billing corrections.

    More Details

    Credit notes function as negative invoices, reducing the total amount owed by a customer. They are essential for maintaining accurate accounting records when adjustments are needed. A credit note should reference the original invoice and clearly state the reason for the credit.

    Related Terms

    InvoiceAccounts Receivable

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