Credit Note

Bookmark and Share

A Credit Note or Credit Memo is a document issued by a seller to a buyer. The seller issues a Credit Note for the same or lower amount than the invoice, and then repays the money to the buyer or sets it off against a balance due from other transactions.

A Credit Note is a document used to adjust or rectify errors made in a sales invoice which has already been sent to a customer.

Also a Credit Note can be a document from a bank to a depositor to indicate the depositor's balance is being increased because of an event other than a deposit.