Credit note

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2 Points Posted on 03 April 2021

I made bill for Rs. 10000  and sent to client.. client rejected 50% of the material. So I given the credit note for Rs. 5000. 

My question is now I need to change my bill for Rs. 5000 or my client will account my old bill and credit note and pay ?

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On 03 April 2021 at 16:01 Report
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Quick Summary
When a client rejects part of a delivered order, you'll issue a credit note for the value of the rejected items. You do not need to change the original bill. Instead, record the original bill in your books, followed by the credit note. This ensures the client accounts for the original transaction while reducing the outstanding amount owed.

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Account Manager
665 Points Posted on 03 April 2021

NO Need to Change Original Bill, First Enter Original Bill in Your BOA Then Enter Credit Note

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On 03 April 2021 at 17:18
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Chartered Accountant
5010 Points Posted on 03 April 2021

You client will account for the original bill and then record the credit note which will reduce your outstanding amount. 

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On 03 April 2021 at 17:37

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