ERP glossary · Accounts
What is Credit note?
Definition
A credit note is a document a seller issues to reduce the amount a customer owes, for example after a return, a price correction or a discount.
It is linked to the original invoice, and under GST it adjusts the seller's tax liability.
Credit note in IndustryX
Credit notes and returns are available on every IndustryX plan.
Related terms
All glossary termsStart running your business on IndustryX today
Free forever* for 2 users. Upgrade when you grow, and your data comes with you.