2 min read
Definition
A debit note is issued to record that money is owed. A buyer sends one to a supplier to formally claim a credit note (for damaged goods, say); a supplier sends one to a customer to bill an amount it under-invoiced.
In plain terms
It is a "you owe me an adjustment" note. It documents the claim before the matching credit note settles it.
Why it matters for your company
Track debit notes so disputes do not silently age your payables or receivables. Clean matching keeps your reconciliation honest.
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