Their layout and the information contained within them should be similar to that of an invoice although they won’t have a due date, and I’ve included a template in various formats below, which you can use or edit as you wish. Some contracts may have specified a penalty for late delivery which again could be provided by a credit note.Ĭredit notes should always be a last resort once all efforts have been made to rectify any issues your client may have had, but at the same time if a client really isn’t happy then trying to wriggle out of a refund will, in most cases, do more damage to your companies reputation and potential future work with that client than the value of the credit note! For freelancers who are providing services such as design or copy writing credit notes will be rarer, but it could be that the client isn’t happy with the work provided, or you are unable to complete all work on time so would like to issue a refund in the form of a credit note. Just click on the download link below a sample to access the sample.Following on from my Free Invoice Template post which has proven to be highly popular, I’ve been asked about credit notes by several visitors.Ĭredit notes are essentially the opposite of an invoice, and can either be claimed by clients in cash, or offset against future invoices or unpaid past invoices.įor example, if you’ve supplied your client with 100 widgets and five turn out to be faulty, you should issue a credit note for the five which are faulty. Memo examples in Word are shown in the page to assist you in the better understanding of a credit memo.
Sample memo and business memo examples seen on the page provide further information regarding credit memos and memos in general. InvoiceOwl’s customizable credit memo templates allow you to easily edit and tailor the template that matches your brand identity. 14+ Investment Memo Templates in PDF Google Docs MS Word Pages. Credit memos are also used in giving a pre-negotiated discount to an issued invoice. Whether youre announcing a new client or reimagined product or youre communicating something else entirely, youll find a customizable template for your memo needs. Whatever you need to share in your memo, youll find the perfect template to match. Credit memos are normally used when a buyer receives damaged, incomplete, or simply the wrong product. You could draft your memo on a design that matches the content of your announcement. A credit memo is a short document issued by a seller to a buyer lowering the amount owed or his accounts payable from a previous invoice.