A credit note is a letter sent by the supplier to the customer notifying the customer that he or she has been credited a certain amount due to an error in the original invoice or other reasons. A credit note is also known as a credit memo, which is short for “credit memorandum.”
A credit note is issued when you have to pay some amount to the customer for any adjustment. In BharatBills you user have the number of options to create the Credit note.
- Credit Note With GST (Discount with GST)- If there is any adjustment in the bill than you can select the first option. A user wants to modify the amount of any product in the bill than this is the best option.
- Credit Note WIthout GST (Discount Without GST) – Select this option If there is any adjustment in the total amount of bill or no adjustment in product price or service charges.
- Without bill (C.N w/o Bill) – if there is no adjustment in a particular bill there is a general adjustment than you can select the Without Bill option.
- Sale Return Note – If there is any return of the product of your sale from customer end than select this option.
Steps to create a Credit Note:
Add Credit Note With GST (Discount with GST)
- Click on Discount with GST
- Search the bill number
- there will be a new window which will contain the details of the invoice
- select the Credit note Date
- change the New Rate for each product
- Select the Reason
- Click on Add
Add Credit Note WIthout GST (Discount Without GST)
- Click on Discount with GST
- Search the bill number
- there will be a new window which will contain the details of the invoice
Add Credit Note – Discount without GST - select the Credit note Date
- Enter The amount
- Enter the Narration if you want to add
- Click on Add
Add Credit Note Without bill (C.N w/o Bill)
- Click on C.N w/o bill
Add Credit Note without Bill - Select the Credit Note Date
- Search the Customer Name
- Enter The Credit Amount
- Enter the Narration if you want to add
- Click on Add
More Useful link