Correct a sale the proper way
Raise a credit note for a return or a mistake. Do not edit the invoice.
- Posts to IRD CBMS
- VAT adjusted
- A credit note register
What is inside
Returns and corrections, on record
A credit note keeps the original invoice as it was.
Sales returns
Record goods a customer sends back.
Corrections
Reduce an invoice that was too high.
VAT adjusted
The VAT on the credit note is worked out for you.
IRD CBMS
Approved credit notes are posted to IRD.
A register
Read every credit note in one list.
Return book
The sales return book lists them for VAT.
How it works
A credit note in three steps
Always against a real invoice.
- 1
Pick the invoice
Choose the invoice you are correcting.
- 2
Enter the return
Add the items or amount being credited.
- 3
Approve it
It is posted to your books and to IRD.
A sample credit note
The amount given back
Lines, VAT and the total credited.
Returned lines
Items and quantities that came back.
VAT
The VAT being reversed.
Total credited
What the customer is credited.
| Item | Quantity | Amount |
|---|---|---|
| Item A returned | 5 | 12,500 |
| VAT 13% | - | 1,625 |
| Total credited | 5 | 14,125 |
Sample figures, not a real company. Amounts in rupees.
Common questions
Questions about credit notes
Short answers.
Do credit notes go to IRD?
Yes. Approved credit notes are posted to IRD CBMS.
Can I edit a credit note once IRD mode is on?
No. Credit notes cannot then be edited or deleted.
Where do credit notes appear for VAT?
In the sales return book.
See Hexabooks with your own numbers
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