imported>GreenC bot: Rescued 1 archive link; reformat 1 link. Wayback Medic 2.5 per WP:USURPURL and JUDI batch #22aa

2025-02-14T18:06:29Z

Rescued 1 archive link; reformat 1 link. Wayback Medic 2.5 per WP:USURPURL and JUDI batch #22aa

New page

{{Short description|Commercial document issued by sellers and buyers}}
{{more citations needed|date=March 2018}}
{{Accounting}}

A '''debit note''' or '''debit memorandum''' (or '''debit memo''') is a commercial [[document]], common in business to business (B2B) transactions, that either buyers or sellers may use regarding the amount due for a sale of goods or services. <ref>{{Cite news|url=http://www.investopedia.com/terms/d/debit-note.asp|title=Debit Note|author=Investopedia Staff|date=2011-06-07|work=Investopedia|access-date=2017-09-15|language=en-US}}</ref> Debit note acts as the [[Source document]] to the Purchase returns journal.<ref>{{Cite web|title=How to Create a Debit Note in QuickBooks?|url=https://quickbooks.intuit.com/in/resources/updates/create-a-debit-note-in-quickbooks/|access-date=2021-05-02}}</ref> In other words it is an evidence for the occurrence of a reduction in expenses. The [[seller]] might also issue a debit note instead of an [[invoice]] in order to adjust upwards the amount of an [[invoice]] already issued (as if the invoice is recorded in wrong value).
<ref>{{Cite web|title=What is a Debit Note?|url=https://corporatefinanceinstitute.com/resources/knowledge/credit/debit-note/|access-date=2021-05-02}}</ref>

Debit notes are generally used in business-to-business [[Financial transactions|transactions]]. Such transactions often involve an extension of [[credit (finance)|credit]], meaning that a vendor would send a shipment of goods to a company before the goods have been paid for. Although real goods are changing hands, until an actual [[invoice]] is issued, real [[money]] is not. Rather, [[debits and credits]] are being logged in an accounting system to keep track of inventories shipped and payment.<ref>{{Cite web|title=What is the Difference Between Debit Note and Credit Note?|url=https://karma-univers.com/|archive-url=https://web.archive.org/web/20230202122750/https://karma-univers.com/|url-status=usurped|archive-date=February 2, 2023|access-date=2021-05-02}}</ref>

When a price is included on a debit note, it is the price which the customer was actually charged for those goods.

== References ==
{{Reflist}}

[[Category:Accounting source documents]]
[[Category:Debt]]

Debit note - Revision history

imported>GreenC bot: Rescued 1 archive link; reformat 1 link. Wayback Medic 2.5 per WP:USURPURL and JUDI batch #22aa