Credit Note is a document issued to a party stating that you are crediting their Account in your Books of Accounts for the stated reason or vice versa. It is commonly used in case of Sales Returns, Escalation/De-escalation in price etc.
All features and functions of Sales Voucher and Credit Note Voucher are same. So just like Sale Voucher, you can record transaction in Credit Note either in Accounting Invoice or Item Invoice.
A Credit Note can be entered in voucher or Invoice mode (either Accounting / Items).
You need to enable the feature in F11: Accounting or Inventory features.
To go to Credit Note Entry Screen :
1. Go to Gateway of Tally > Accounting Vouchers.
2. Click on Ctrl+F8: Credit Note on the Button Bar or press Ctrl+F8.
Pass an entry for goods sold returned from Customer Chitra & Co. just like Sale Voucher :
This Credit Note will pass through Item Invoice ( by pressing ALT+I).
Pass the Credit Note Entry for Price De-escalation for the month of March 2020 of Rs. 10,000 with GST @18% Adjustment to Chitra & Co.
This Credit Note will pass through Accounting Invoice ( by pressing ALT+I).
Note : The Ledger ‘ Price De-escalation’ should be created under Sale Account Group with Inventory Option – No, GST Applicable with all GST Details @18%.
Alter/Modify Pre-defined ‘Sale’ Voucher Types in Tally.ERP 9
Voucher Classes for Contra Voucher in Tally.ERP9
Voucher Classes for Sale Voucher in Tally.ERP9
Contra Voucher (F4) in Tally.ERP9
Journal Voucher (F7) in TallyERP9
Memo (Memorandum) Voucher (Ctrl+F10) in TallyERP9
Optional Voucher in TallyERP9
Payment Voucher (F5) in TallyERP9
Physical Stock Voucher (Alt + F10) in TallyERP9
Post-Dated Voucher in TallyERP9
Purchase Return / Debit Note Voucher (Ctrl+F9) in Tally.ERP9
Purchase Voucher (F9) in Tally.ERP9
Receipt Voucher (F6) in TallyERP9
Rejection In Voucher (Ctrl+F6) in TallyERP9
Rejection Out Voucher (Alt+F6) in TallyERP9
Sales Return / Credit Note (Ctrl+F8) in Tally.Erp9
Stock Journal Voucher (Alt+F7) in TallyERP9
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