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Debit Note

A document raised to reduce what you owe a supplier.

Area
Accounting
Also known as
supplier debit memo
In this area
51 terms of 257

A buyer issues a debit note to tell a supplier their invoice is overstated — short delivery, damaged goods, wrong price or agreed rebate — and that a lower amount will be paid.

It is the mirror of the credit note, which flows from seller to buyer. In practice a debit note usually prompts the supplier to issue a matching credit note that clears the difference formally.

See it in AWRA OpsHub

Credit & Debit Notes

Related terms

Credit Note

A document reducing the amount a customer owes on a prior invoice.

Accounts Payable

AP

Money your business owes to suppliers for goods or services received.

Three-Way Match

Verifying a supplier invoice against the PO and the goods received before paying.

Invoice

A seller’s itemised request for payment for goods or services.

More in Accounting

Accounts Receivable (AR) Accrual Accounting Accrued Expense Aging Report Bad Debt Provision Balance Sheet Bank Reconciliation Break-Even Point

Debit Note is not just a definition here

Accounting runs on this vocabulary every day in AWRA OpsHub — 51 of our 257 glossary terms describe things the platform actually does.

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