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Credit Note VERSUS Credit Invoice

Credit Note or also called Credit Memorandum is created for issues on returns. This is a commercial document issued by a seller to a buyer. This can be issued to correct a mistake if the invoice has been overstated or to reimburse the buyer completely if the goods have been returned.
 
 

 
Credit Invoice is issued by the business owners for various reasons. The business owner may provide a credit note, if the customer complains that there is a problem associated with the product purchased. The business owner has to produce a credit invoice for the returned amount, if the buyer returns the unused merchandise to the owner seller.
 
 

 
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