![]() It may also be issued because, or for some other reason the buyer will not pay the seller the full amount of the invoice. You can put comments or notes to the customer at the end of the credit memo template.Ī credit memo is an abbreviation of the term “credit memorandum”, a document issued by the seller of goods or services to the buyer for different reasons such as the buyer returned goods to the seller, or there is a pricing dispute, or marketing allowance. ![]() Lastly, add the sub total and sales tax then put it into the line you will label as ‘total’.Ħ. Then multiply the sub total with the sales tax and name the line ‘sales tax’. Afterwards, calculate the total from the last column and write the total in at the bottom of the memo with a name ‘sub-total’. Label the columns with an appropriate name.ĥ. Make a table to list down the quantity of each credited item in the first column, the item number in the second column, description of the item in the third column, unit price in the fourth column, and lastly the line total which is by multiplying the item’s prize with the quantity. Next is, the detailed information must be enlisted in a table. After indicating whom it is to be sent to, on the next portion, indicate the sales person, if there is any, the invoice number, order number and especially the payment term.Ĥ. Included are the customer’s business name, address and contact information.ģ. And opposite to that is to whom you are sending the credit memo. In other cases, underneath the company logo is the business name and contact information of the sender of the credit memo. On the upper left side of the page, you are able to place your company logo and its slogan, if there is any. After doing so, you can place the credit date just below it and underneath is a unique number assigned for the credit memo.Ģ. First off, make sure to indicate the words “CREDIT MEMO” at the upper right side of the page to avoid getting the credit memo meaning as an invoice. Here is a list of steps to be done when making a credit memo sample:ġ. Making a Credit Memo should be real easy when someone has the knowledge on how to do so. Write the amount under the sales tax amount and label the line "Total.A credit memorandum is a negative invoice used when there is a difference in the customer's original order or billed amount that may cause the customer to be in deep debt. Write the amount under the subtotal and label the line "Sales Tax."Īdd the sales tax to the subtotal. ![]() Label the line "Subtotal."Ĭalculate the sales tax for the credited items by multiplying the subtotal by your state's sales tax amount. Label each column with its appropriate name.Īdd all of the prices in the fifth column and write the total at the bottom of the memo. Multiply the item's price by the quantity to calculate the line total for the fifth column. Write the quantity of each credited item in the first column, your item identification number in the second column describe the item and the reason for the credit in the third column and the price of the item in the fourth column. The memo's number is a unique number assigned by you.ĭivide the center of the page into five columns. Include the date that you are issuing the memo, the credit memo's number, the original invoice number and the payment terms on the left side of the page or in the spaces provided by the template. Include any number or code that you use to identify the customer within your company. Use the appropriate blanks if using a template. Type your customer's information on the right side of the page if you are making your own memo. ![]()
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