Credit Memorandum/Memo Invoice

The credit memo invoice template is a highly reliable tool for businesses. It pretty much works on the lines of a sales invoice. The only difference is that in a credit note you insert a negative quantity or negative price in order to make the total balance negative. Moreover, if the total becomes less than zero, then the invoice manager takes it as a credit memo and adds the total due amount with the credit field of customer accounts.

The credit memo invoice template is used when the amount which is to be received by the customer is reduced. It stores all the crucial information related to the payment details of a business activity. It works opposite to a debit invoice which is usually appliedwhen a person wants to return back the damaged goods to the owner.