A debit note generally represents the total amount that a company or individual owes for a particular service served or product sold. Its excel template is used to make a professional note. In this regard, the debit memo is also used in financial documenting and it serves as a commercial document that is sent by the buyer to the seller for requesting for a credit note document.
Debit Note and Invoices
Debit note can also be used in place of invoices by a seller or service provider. It can contain the details of the selling or shipment of product to the buyer. In this regard, the issues that take place during shipment of the product are also included in the debit note. For instance, if any cost that was not included in the purchase order, can be included in the debit note. Some examples of this can be the cases in which the material or units of products are supplied either in excess or in fewer quantity, etc. The details of such cases are included in the debit note template which is then shared to the customer or receiver of the services from the seller.
Debit Note Template Excel Format
A Debit note template is usually found in MS Excel format. It is used for writing a debit note in a professional accounting manner. A general format of debit note entails 6 columns in it. These include the unit or item number, description of the item, number or amount of quantity, measurement unit, price of an item or unit, and the total amount for all items included in the note.
Debit Notes in B2B Transactions
Debit Notes are usually employed in B2B (Business to Business) frameworks of financial activities. Sending a debit note to the buyer generally implies that the products or services must be delivered by the seller to the buyer prior to the sending of the payment for the products or services by the buyer to the seller. Debit notes are being regularly used in business activities and they help in keeping track of the shipment and payment activities. Moreover, they also help the product manufacturer or service provider in keeping an up-to-date track of the inventory.
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Sample Debit Note Templates / Download Salary Slip Template Format
If you have never seen a debit note template excel, then you can find sample templates of it on the internet. Many websites and blogs offer free sample templates for debit and credit notes. You can also find customizable templates which you can use for your own Business to Business (B2B) transaction activities. This will help you to keep an up-to-date track of your inventory and selling activities.
Creating A Debit Note Template Format through excel spread sheet is easy and convenient way.