We make sales to our customer with invoice. If any good is found rejected they will give debit note against that invoice. How to enter the debit note in my tally . While i get payment for my sales the debit note amount will be deducted and paid by our customers. should i have to make the debit notes issued by my customer as credit note in my tally.? Please reply
Your customer should not be sending you anything beyond notification that a good is rejected. You are the one who should issue a credit note to reduce the amount the customer owes you. Debit notes are how you enter credit notes your suppliers send you. See this Guide: https://guides.manager.io/7425.
Your customers debit note is their formal “notification that a good is rejected” and their request for a credit against the Sales Invoice, and gives you the basis to create your credit note. A debit note enables a customer to keep their accounting up to date, without the need to maintain a separate register of credits notes ‘not yet received’.
Thanks for the responses. Solved the problem which araised in bills receivable due to this debit notes…