A Debit Note is issued by a customer to a supplier as a means of formally requesting a credit note. a supplier 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)
A Debit note are document that provide a debtor with information regarding an outstanding debt. A debit note is issued by the lender or creditor and serves as either notification of a debt that will be invoiced shortly or a reminder of a debt that was previously invoiced and is currently outstanding. While an invoice is also an official notification of a debt owed, it is not considered to be a debit note.
A Debit Memo is a transaction that reduces Amounts Payable to a vendor because, you send damaged goods back to your vendor.
Debit Note - invoice for reinsurance premium or brokerage fee payable that is issued by the «Insurance Broker» / reinsurer /retrocessionaire following the reinsurance and/or retrocession agreements.
The typical debit note is in the form of a letter or some type of document format that is implemented by the company to serve as a reminder. Collection letters that are sent out when an invoice is not paid within terms often use a simple “reminder” letter format that calls attention to the fact that the amount owed has not been paid. As time goes on and the balance remains unpaid, the verbiage of the debit note may shift from a friendly reminder to a demand for payment.
Some companies choose to make use of a format for the debit note that is not a letter. Instead, the debit note may take the form of a postcard or a payment slip that is very similar to an invoice. Packing slips that include a schedule of charges for goods delivered are one example of a debit note that is not a letter format, but does include information about how much the buyer owes to the seller.
The main function of a debit note is to provide a secondary document to the buyer that calls attention to a debt. A debit note sometimes is helpful when an invoice is misplaced or never reaches the buyer, as the document provides the buyer with everything he or she needs to settle the outstanding debt.
At the same time, it is important to note that a debit note is not an official invoice. The note does not necessarily include any information about the terms of payment or provide details about modes of payment that are acceptable to the seller. It is not unusual for a debit note to include contact information for the seller, such as a mailing address, telephone number or an email address.
It is possible for a customer to never receive a debit note at all. Unless the seller routinely sends out a debit note as a precursor to issuing an invoice for goods and services delivered, any customer who promptly pays outstanding invoices is unlikely to need any type of reminder that a payment is due on his or her account.
|Debit note sample form. Download (xls)||20 KB|
|Debit note form template. Download (xls)||157 KB|
|Debit note request form. Download (doc)||35 KB|