If your business or operation wants to offer stowaway or on-credit purchases, credit notes can be helpful tracking tools. With the provisions and documentation present in a credit note, you can properly track the accounting process for your financial records - accounting for any form of reversal, deletion or adjustment. Credit notes are generally considered legal documents and a form of record keeping, much like invoices are. The benefits of using a credit note in your accounting process include: No actual money is exchanged with a credit note rather, it’s used to offset a previous invoice that’s already been paid.
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