Credit Memos are used in the correction of an error that is made during the drafting of a sales invoice and which has already been sent to a customer. It is basically an invoice that has a negative amount. It is strictly used in cases where there has an error and you need to credit your clients invoice. It has a header, body and footer.
Sample Credit Memo Template
Credit Memo
Tempi Electronics Limited
P.O. Box 345 Sydney 2003, NSW, Australia
Tel: (064) 64554 8744 Fax: (064) 64535 6653
Email: [email protected]
ABN/Tax Reg. No: 123456789R
Credit Memo No CM1002
Date- 31/01/2003
Your Ref- PO S100
Our Ref- IN1001
Sales Person- John
Job No. – JB1000
Terms- Cash
Computer Spares Ltd
100 City Road
Southgate
Melbourne, Victoria 3000
Australia
Attention: Mr. Smith
Tel: 9300876
Fax: 93987651
SN# Product ID Description Qty UM Unit Price Amount
To adjust IN1001 item 1, being unit
Price overbilled at $2,040.0 ea
Instead of $2,000.00 ea
1 CNB3000 Hewlett-Packard 4281 Notebook 2 ea $40.00 $80.00
Total before Tax $80.00 Total Tax $8.00
Total after Tax $88.00