Easily Replace Date in the Credit Memo

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How to Replace Date in the Credit Memo

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welcome to this quickbooks 2021 tutorial for beginners on how to create a credit memo my name is matt holdquist with the quickbooks university first things first if you enjoy this video please give it a thumbs up please share it also please subscribe to the channel the more subscribers i get the more i can spread the word with uh these videos and i would appreciate that very much last thing head over to the quickbooks university if you like this video youre going to like a lot about the quickbooks university that website is qbuniversity.org where i not only have a full quickbooks training program in quickbooks desktop and online i also answer your personal questions when you become a member okay so lets get started so were going to take a scenario where you have a customer that needs a credit or a refund it happens all the time okay so you know you do some work you do a job whatever the case may be you might sell them something and you have to give them a credit they complain maybe

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Is it legal to modify an invoice?

Its not legal to change an agreed upon invoice unless its to correct a mistake.

What is a replacement or credit note?

A credit note acts as a replacement for a refund in that it allows the buyer to purchase your products or services at a later date without paying for it. When you issue a refund, you need to take out cash and give it back to the customer.

How do I edit a credit memo?

Edit a credit memo Select Customers in the navigation menu. Select the customer name the credit memo belongs to. Select More actions. Select Credit memos. Select the credit memo ref # Select the Edit icon. Edit the credit memo. Select Save.

Can you backdate an invoice date?

Is backdating on an invoice OK? Backdating an invoice may seem like a minor thing, but it is never OK. It can have serious implications if not appropriately addressed. When being pressured by clients or peers, you might find it difficult to say that you cannot backdate an invoice.

What are the rules on invoice dates?

Invoices must always include the invoice date as well as the due date. Setting a due date encourages the client to pay you within a certain time frame. The general rule is 30 days from the invoice date. However, you can discuss this with your customer and either make it shorter or longer than 30 days.

Can I change the date of an invoice?

Is it legal or illegal? Changing the invoice date on your invoice is not illegal, however, it is always better to take care of the invoices that you will send or are sending. Ensure to double-check the invoice so that you dont have to go through the hassle of changing the date later.

What is a credit memo date?

While returning, the seller will give you a note about the payment deduction and about product details with a due date, that note is a credit memo. Check out more examples of credit memos for more details! Most credit memos are issued under the circumstances of owed, accounts payable, and reduce payments.

Does the invoice date matter?

Unsurprisingly, the main reason to state a set due date on an invoice is to encourage your customers to pay you within a certain period of time. While its possible to agree on a later payment date, a customer should pay you within 30 days.

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