In the logistics and import-export industry, almost everyone knows what a debit note is? However, this term is quite informative. So, in order to provide you with more useful things, please follow the article below!

DEBIT NOTE AND CREDIT NOTE CONCEPT :

Debit Note is a voucher used mainly in e-commerce activities. Debit Note allows the buyer to claim back the goods when there is a problem with the goods and the seller based on the value of the debit note to refund the value of the product to the buyer. Conversely , the seller can also issue a debit note when he wants to adjust the order value .

Watching: What is a debit note?

Credit note is a commercial word that the seller himself delivers to the buyer with an amount less than or equal to the amount written on the invoice.

Importance of Debit Note

?Debit Note works like an adjustment invoice, i.e. when orders have data errors, export of Debit Note is required. to adjust the values. They usually appear in the 2B2 model. This is an operating model in the direction of e-commerce, ie when customers buy products through e-commerce platforms and then resell using the purchased products to sell to the next user. .

Moreover, Debit Note also plays an important role in protecting the interests of buyers when the delivery order does not guarantee the quality committed in the contract content. This is considered proof of a refund or discount.

Classification of Debit Note

?Debit note is a type of document. However, it can be formatted into many types such as letters, postcards, vouchers to serve as a basis for reducing costs compared to commitments and as a basis for disbursement of contracts.

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Certain types of debits are also offered as shipping receipts. There, payment is sent only when the sender delivers the invoice to the buyer. This method allows the buyer to return the goods if necessary and without paying upfront.

With a postcard debit , implies a reminder of the amount the buyer has contracted to owe . This type of debit note contains no information on how to repay the loan, but is merely a reminder, useful in cases where the seller is unsure whether the invoice has been sent.

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When to use Debit Note :

Debit note will appear in the “HBL Details Add” section when doing customs procedures. After declaring the Debit Note and other costs, the buyer needs to provide this document to the agent for return procedures.

Debit Note classification?

Debit note is a type of document. However, it can be formatted into many types such as letters, postcards, vouchers to serve as a basis for reducing costs compared to commitments and as a basis for disbursement of contracts.

Certain types of debits are also offered as shipping receipts. There, payment is sent only when the sender delivers the invoice to the buyer. This method allows the buyer to return the goods if necessary and without paying upfront.

With a postcard debit , implies a reminder of the amount the buyer has contracted to owe . This type of debit note contains no information on how to repay the loan, but is merely a reminder, useful in cases where the seller is unsure whether the invoice has been sent.

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GRADE DEBIT NOTE AND CREDIT NOTE :

Let’s find out what is the difference between these two types of documents? King of Transport will share information with you in the short paragraph below!

Debit Notes can be seen as incremental adjustment invoices, they are sent by the buyer for the purpose of asking the supplier to provide a Credit Note. This process is done legally to increase the value of the previous invoice.

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Unlike Credit Note, Credit Note is treated as discount adjusted invoice, they are issued by the seller. To cancel the value of previously issued invoices. It comes from the sale of defective products and returns by the buyer.