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In business, situations often arise where adjustments to payment amounts are necessary, either after delivering goods or services, or when receiving unsatisfactory products. In these cases, credit notes become essential for resolving discrepancies. This video from Bullseye Money explains the concept of credit notes, which are documents used in the purchasing process, alongside quotes and invoices. Credit notes are typically issued when issues occur, allowing suppliers and customers to adjust payment amounts appropriately. The tutorial aims to provide a comprehensive understanding of how credit notes function and their importance in business transactions.
