Debit notes or debit memos are basically a type of promissory notes which are issued by one party, which is the seller, to the other party, the buyer, asking them for a credit note. This is a formal document and is commonly used in almost all types of business as it is a commercial document. Another great use of this excellent tool is that it may be issued by the seller in place of an invoice.
This article explains how to create a custom billing document (invoices, credit memo, and debit memo) template using the Microsoft Mail Merge feature. InvoicingTemplate.com offers you this free invoice template, namely Credit Memo Template. Template in Microsoft Excel. Credit Memo Template. Debit Note Template.
It is to be noted that an invoice and a debit note are separate things, but if the seller wants to adjust any amount of the invoice previously sent, he may use a debit note instead. The other important uses of a typical debit memo are that it provides details about the coming up bill, as a way to remind the buyer about the overdue payment and to keep a track of the items in transit. This shows the importance of the debit memo so we can call this simple debit note as a very crucial step in the daily business activities as it aids the people to collect the unpaid bills from the other party in a formal way.
Advertisement Debit Note Template -1 File: Word (.doc ) 2003+ and iPad Size 42 Kb| License: ENERGY [Personal Use Only] However, it is odd to pay to the department of the same company and it should be kept in mind that no cash is transferred between the departments, but the departments need to record many such transactions. As we now know that the debit memo is such an important tool, thus we should know that a model memo should portray all the operations that took place between the branches or the departments and it is only possible if the memo is drafted professionally very well. Apart from having columns just like in an invoice, it should also record information like the reason for issuing the debit memo. Debit Note Template -2 File: Word (.doc ) 2003+ and iPad Size 38 Kb| License: ENERGY [Personal Use Only].