Sales Credit and Debit Notes

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

A sales credit or debit note is like a normal sales invoice except that there are no invoice items added by default. Instead, the sales 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.

If the total is negative, the result is a credit note. If the total is positive, the result is a debit note.

Journal Entries for Sales 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.