What is a Credit Note?

Find out what is a credit note and when to use it if something goes wrong in the purchase process.
Please note that Bullseyemoney is not a financial adviser. Our videos are here to inform you and the information provided does not constitute financial, taxation, legal, business or other professional advice and should not be relied upon as such. Bullseyemoney is not liable or responsible for any financial, tax, legal, business or other decisions you make. If you are looking for advice, you should seek a suitable and qualified adviser.

[@kittytoh3]

I have been watching these videos for a week. It is very helpful and informative !!

[@texcellency]

Explanation was short and to the point! Excellent video! Thank you. This was really helpful.

[@TheBookkeepingChannel]

Thanks!

[@heroicwhisper]

Excellent description of a credit note and it’s uses.

[@Godsproject92]

I'm here tonight because someone is not doing their job and I can't keep making excuses for him; I'm actually out of excuses.....lol. Thank you for this informative video.

[@poonamtambe6605]

Very Nicely explained sir in representational way similarly can you make on Debit note

[@ngchuhui]

this is informative and makes me understand! thank you!!

[@TheBookkeepingChannel]

You're so welcome!

[@firasajeel968]

worthy info ... Thank you

[@euddymoloto1926]

Hi, Can I create a crediyt note for example: When I get a purchase order but I have one thing in stock but do not have the other in stock. Can I create a tax invoice for the 2 items separately and then make a credit note for the item I do not have in stock and write a note that I am awaituing stock and then chage the credit note once I havce the item in stock?

[@sjsorganiccentreforexcelle6450]

well explained !!

[@TheBookkeepingChannel]

Thank you!

[@udaykolli284]

I paid xx dollars to one institution .I got mail that they given me full value credit note .how can i get those to my account

[@ChrisBrown-gf4of]

Does a credit memo ever expire?

[@BreakingUFC]

If the customer hasn't paid and the invoice is cancelled, why do I need to send a CN? Can I just void the invoice

[@TheBookkeepingChannel]

Yes you can if you like.

[@tong466]

Why don't they just erase it and issue new invoice?

[@ronlombok1677]

Debit notes

[@TheBookkeepingChannel]

Coming soon