Credit Memo

Credit Memo is a document that adds money or credit to an account. Create a professional-looking credit memo within seconds. Then, when you issue an invoice to this customer next time, it reminds you automatically of the credit you added to apply either in full, in part, or to extend to the next invoice. 

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How to Create a Credit Memo?

How to Create a Credit Memo? 

With Zil Money, credit memos can be created within seconds easily.

1. Log into Zil Money with your registered email and password.

2. Click “Invoice” in the receivables section.

3. On the new window, click on Credit Memo.

4. Click” + New” to create new credit memos.

5. Select your bank account and payee.

6. Select the date the credit memo is created. Then, add the credit memo number.

7. Add the item for which the credit memo is created. 

8. Mention the quantity of items and unit cost.

9. Click “+ Add” and the credit memo will be created.

When you issue an invoice to this customer next time, it reminds you automatically of the credit you added to apply or extend to the next invoice.

Features at Your Fingertips

From accounts payable and receivable functionalities to comprehensive online banking and beneficial integrations, Zil Money can meet the payment management requirements of all types of businesses.

Check Printing

Check Printing

Drag and drop to instantly create checks & print using any printer.

Pay By Credit Card

Pay By Credit Card

Use credit cards even when your vendors don't accept them.

ACH Payment

ACH Payment

Make one-time or recurring ACH/RTP payments in one click.

Wire Transfers

Wire Transfers

Send money electronically from one financial institution to another.

Bill Pay

Bill Pay

Pay & schedule bills online, managing supplier payments & reducing risk.

Digital Checks

Digital Checks

Digitize your paper checks and make your payments via email or text.

Software Integration

Software Integrations

Integrate Zil Money with your accounting and payroll software.

ZilBank

Cloud Bank

Open an online bank account with ZilBank.com. Streamline your payment management & save.

Payment Link

Payment Link

Create and send a secure URL for customers to make online payments easily.

Online Invoice Generator

Create high-quality invoices and send them to your clients digitally with Zil Money. Users can create invoices with a few clicks with the user-friendly interface. You can also include a payment link with the invoice, which the customer can use to pay you. This is a convenient option for the payer and the payee.

The invoice maker can help businesses simplify their invoicing process, eliminate mistakes, save time, and improve cash flow.

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How to Create a Credit Memo?

Why You Need a Credit Memo? 

Zil Money makes it easier to make credit notes for various situations, such as product returns, price disputes, marketing allowances, and more. Zil Money ensures businesses can quickly and easily issue credit notes when customers can only pay part of the invoice. With Zil Money’s easy-to-use tool, you can easily handle various credit situations.

$50B+

In total transaction volume

22K+

Connected banks & financial institutions

20K+

Monthly business users

1M+

Total users, and growing

Keeping Track of a Credit Memo

Zil Money makes it easier to keep track of credit memos, which makes paying for them easier. When a credit note is issued, sellers lower their accounts receivable, and buyers lower their accounts payable. Zil Money makes it easy to keep track of credit memos in a structured way, which promotes honesty and correct financial information.

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FREQUENTLY ASKED QUESTIONS

Frequently Asked Questions(FAQ)

What is a Credit Memo?

A credit memo is a document that a seller can issue to a buyer that indicates a reduction in the amount owed by the buyer to the seller. With Zil Money, you can create it easily and quickly.

How to Create a Credit Memo?

Credit memos can be created easily with Zil Money. Log into the platform and create it within seconds.

What is a Credit Memo Used For?

Credit memos is used to document a credit owed to a customer for various reasons, such as returned products, overpayments, or discounts. It reduces the customer's account balance or can be applied toward future purchases. Create it quickly with Zil Money.

Credit Memo vs Debit Memo

A credit memo is issued to a customer when a refund or credit is due, reducing the amount owed. A debit memo, on the other hand, is issued by a supplier to request additional payment or to correct an error, increasing the amount owed by the customer. Zil Money is the ideal platform for your credit memos-related needs.
Zil Money - Cloud Based Platform
Fintech Software
RATING: 4.6 ( 10164 ratings )
Price: $49.99/Year

PRECIOUS REVIEWS FROM

OUR CUSTOMERS

 

Vendor Management: Easily handle bill payments, instant check printing and mailing, invoicing, positive pay, and access User/API features across various platforms.

I had to be very cautious in a disputing situation when the check hasn’t arrived and goes to the bank, digging through all my paperwork.

Frank Czar

 

Zil Money has made my life easy. Now I can print all the checks on Blank Check Paper and export from my QuickBooks as well. 

Bimal Daftari

 

I always have to give checks ahead in many situations. Now it’s so easy to keep up. Same way making deposit slips on demand also very easy.

Travis Copeland

 

I was confused of managing multiple companies as an accountant. I found Zil money then and now everything is just easy.

William Andrews

 

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