Enter a credit or debit memo to record a credit for goods or services purchased. Credit/debit memos are netted with basic invoices at payment time.
Credit Memo. Negative amount invoice created by a supplier and sent to you to notify you of a credit.
Debit Memo. Negative amount invoice created by you and sent to a supplier to notify the supplier of a credit you are recording. Usually sent with a note explaining the debit memo. See: Invoice Notices.
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