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Credit Notes vs Debit Notes in Odoo: Complete Guide with Real Use Cases | Odoo 18 Accounting | Pinky Shah 🇮🇳
𝗖𝗿𝗲𝗱𝗶𝘁 𝗡𝗼𝘁𝗲𝘀 𝘃𝘀 𝗗𝗲𝗯𝗶𝘁 𝗡𝗼𝘁𝗲𝘀 in Odoo – Clearing a Common Misconception Many Odoo users start with the assumption that: • Credit Notes are only used for customer invoices • Debit Notes are only used for vendor bills But in reality, it works a bit differently. In Odoo, you ...
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📝 Credit Note, Debit Note, and Amendments under GST! 📌 When to Issue Credit Note? 👉 Issue a Credit Note under GST when: Taxable value or tax charged on an invoice exceeds the actual value. Goods are returned or services are not provided. Discounts given after issuing the invoice. 📌 When to Issue Debit Note? 👉 Issue a Debit Note under GST when: Taxable value or tax charged is less than the actual value. Additional charges are applied after issuing the invoice. 📌 When to Amend GSTR-1? 👉 Ame
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