Credit Notes

Use Credit Notes to Adjust Invoices

Record, track and manage credits. Do it hassle-free with Deskera's credit note software.

Use Credit Notes to Adjust Invoices

Record, Manage and track credit notes on Deskera Books with a single accounting system.
These can be edited and re-issued to clients with ease. With Deskera Books, you can easily amend your invoice document with a credit note, without deleting the record from your system.

Overstated Invoice, No Problem! Use a Credit Note

Once in a while, everyone makes mistakes, and you are issued with an overstated invoice. This is where you can issue credit notes which will help you adjust your invoice amount.
In these cases, using Deskera Books the original invoice can be cancelled with the issue of a credit note, and thereafter a corrected invoice can be issued.

Customer Returned Product? Use Credit Notes

One of the most common scenarios is when you would need to issue a credit memo, is when you get the supplied goods returned for any reason.
You can create credit notes in Deskera Books against sales invoices if you need to refund your customers. Customers can use this credit memo to get a refund in future purchases.

Create Credit Notes Anywhere, Anytime

Create a credit note with contact, amount and account details and apply credit note to your already created invoices using your mobile devices.

Get Automated Journal Entries for Credit Notes

Apply the credit note against any invoice to reduce the customer’s outstanding balance. Another thing that’s great is the auto-population of the journal entry whenever a credit note is applied.

Offset Sales Return with Credit Notes

In a bookkeeping double-entry system, a credit note will be entered as a debit under revenues and a credit under accounts receivable. Each credit note shall be recorded and updated property in the accounts to match the balance.
In the Deskera Books, the seller's Journal Entries, the sales return will be recorded.

Quicker and Faster Credit Note Report Generation

Credit Note is a report for you to take a look at a detailed view of all the credit notes stored in the system.
In Deskera Books you can generate the credit note report which includes the details like credit note creation date, the credit note number, the customer’s name, the credit amount, and the balance amount to be credited. With a single click, you can export the credit note report in Excel or PDF format.

Significantly More Powerful Credit Notes Features

✓ You can directly create the credit note from the credit note module
✓ Easy sorting of credit notes by date range
✓ Quick Export of credit note in XLS format
✓ Edit, Delete credit notes already created in the system
✓ View your Aged Payables Summary or Aged Receivables Summary to view the amounts you owe and are owed to you
✓ Easy to apply credit notes to invoices
✓ Auto-population of journal entry whenever the credit note is applied
✓ Trouble free credit note creation on mobile devices

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FAQs

Can I delete the existing credit notes?

Yes, you can delete the existing credit notes by clicking on the 3 grey dots button and select the bin button. Take note that you won’t be able to delete credit notes if you have applied them in the Bill and Invoice page.

Can I edit the existing credit notes?

Yes, you can change the details of the existing credit notes that you have created except the contact name and the currency. Change the credit notes details such as accounts, amount, and the tax applied to the respective contacts. Click on the ‘Save’ button after amending.

Why can't I apply for credit notes?

If you are unable to apply the credit notes in your Invoice, you will need to check if you have created the Credit Notes for that contact in the correct currency in the Accounting Tab.

What is the importance of a credit note?

A credit note or credit memo is a way to document any changes that happen to an invoice that has already been paid. It serves as a method to both inform the customer of the change and record the change in a business's financial records. With Deskera Books, you can create and apply credit notes to your invoice with ease.

Who issues a credit note?

A credit note or credit memo is a commercial document issued by a seller to a buyer. Credit notes act as a source document for the sales return journal.