Credit Note Template

This is a free credit note template to help you keep your business's financial records up to date and all transactions appropriately recorded. The template is a 100% customizable and you can edit every aspect of it with a few simple clicks in MyDraw.

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Nevron NDTX

Credit Note

What is a Credit note?

The Credit Note is a commercial document, sent by the supplier (seller) to the buyer(customer), notifying them that credit is being applied to the customer’s account.

In general, the credit can be applied for:

  • Returned goods or rejected services
  • Damaged goods (in transit)
  • Overpaid original invoice
  • A mistake in the original invoice

On the credit note, the supplier will list the Product ID and Description, Quantity of the purchased items or services, Tax Information and the Subtotal amount. The terms must be agreed upon by both parties and discussed before the purchase order is made.