When to Use a purchase credit note?
A Purchase Credit Note in billing software is an essential financial document used when a business receives overcharged, faulty, or returned goods from a supplier. It signifies a reduction in the invoice amount, detailing the refund or credit owed to the buyer. This document contains specific information, including product details, quantities, rates, and the total credited amount. In billing software, creating a Purchase Credit slip is seamless, ensuring accurate record-keeping and transparent financial transactions. It simplifies the refund process, fostering positive vendor relationships and maintaining the integrity of the purchasing system, thereby enhancing efficiency and trust in business operations.
- Open logicview erp application
- Log into the application
- Open the company
- Click on purchase menu
- Click on credit note option
- Select account name
- Select item name
- Select the ledger ex: purchase
- Enter quantity ,rate
- Enter invoice no, date, amount
- Click on save