Purchase Credit and Debit Notes

Purchase credit or debit notes are raised when the seller needs to receive or pay funds, respectively, on top of a previously issued and paid purchase invoice.

A purchase credit or debit note is like a normal purchase invoice except that there are no invoice items added by default. Instead, the purchase credit or debit note includes manually entered dynamic charges. That is, no calculations are done with regards to details of the despatch (for example, no quotation period or assays).

There is no limit to the number of credit/debit notes that can be created for the same despatch order. Each credit/debit note is independent; it does not relate to any other credit/debit note. The invoice iteration for a credit/debit note is always 1, and the invoice type is always Final.

Journal Entries for Purchase Credit and Debit Notes

Creation of journal entries requires chart of accounts to be configured for the Credit Note and Debit Note document types. See Charts of Accounts.