A Debit Note Template Excel Format helps to represent 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 the buyer sends to the seller for requesting a credit note Template.
Debit Note Template
It can also use in place of invoices that contain the details of the selling or shipment of the product to the buyer. In this regard, the issues that take place during the 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 excel. When the buyer returns some goods to the seller then he attached a debit note that shows the seller must owe the buyer money.
In the field of business, the debit note template plays a vital role in the adjustment of account books and preventing any confusion in the transactions as well.
In addition to these templates can make working really easy and make calculations possible easily!
Moreover, if necessary adjustments are not made timely in the accounts, the accounts at the year-end may be jumbled up, and getting information to require, can be really hard. The issues of accounts without a debit note are often complaining and you face inaccurate financial data
The details of such cases are included in the debit note template. That is share with the customer or receiver of the services from the seller.
Debit Note Template in Excel
A D.N.T is usually used in MS Excel format. This note is used for writing 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 made use of B2B (Business to Business) frameworks of financial management activities!
Sending a debit note to the buyer generally implies that the products or services have been delivering from buyer to seller.
Prior to the sending of the payment for the products or services by the buyer to the seller. Debit notes are being regularly being used in business transaction activities.
And it helps 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 inventory tracking.
You can also find customizable templates that 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 an excel spreadsheet is an easy and convenient way.
Benefits of Debit Note
There are many benefits that we can get for this Microsoft excel template some are following;
- We can easily edit and modify this document according to our requirements
- We can keep saving records more professionally.
- This template assists us in the reconciliation process and data over-check of a certain entry.
- Easy to printable if needed.
Petty Cash Debit Template
- Specifically, if you do not make any physical payment, and sales on credit are common. Sales ledger can be kept updated with debit memos.
- Moreover, there are times, when mistakes are made in billing or due to goods returned, and it needs adjustment, which is now easier with your excel template.
- Are you thinking about what to do if you have overcharge your client? Well, the best way is to fill the petty cash debit memo template along with the updated invoice and send it to your client.
How To Use Debit Note Template in Excel?
Basically, there 3 major areas of this template, 1st section contain information about “Bill To” 2nd is “Ship To” and 3rd section provides details for this Note that includes, invoice no, Product name, quantity, Specific information about the product, Unit price, and total amout. These are the major sections of this Debit note that must be filled before sending.