Debit note and credit note in telly

What is debit note and credit note 

Debit note and credit note are the documents that are issued to party stating we are debiting or crediting your account. When it says debiting the account it means the party must to be pay the amount to the giver of the debit note. It generally happen transaction such as purchase return, other expenses incurred by you on behalf of the company or business. when talking the credit notes the business might give credit notes to party for not adequate transaction. It generally happen transaction such as sales return etc. 

Why debit note and credit note required

These documents are required for making complete transaction with the party involved.

Debit note and credit note in telly ERP 9 are very simplistic as possible for user. When purchasing goods from the party it may be damage and defected in this case the involved party will get debit note invoice for the purpose of  returning the goods which are damaged. Credit note would be provided to the seller of goods for not having good quality or may be defeated products. These two invoices having complete details about price of the product or goods, quantity of goods, amount of product have damage etc.

How to make debit note and credit note in telly ERP 9

Practical question

 1.  Purchase laptop 100 pieces @ 30000 each from ABC ltd. And paid him in full statement. Afterwards, 50 stock returns due to some defect. Pass the necessary entries with payment and receipt and also create debit note in the regard. ( Telly ERP 9)

Step 1 Create a new company by pressing alt F3

Step 2: Back to gateway of telly press F11 key choose accounting features enable,

Maintain multiple go-down.
Maintain multiple stock categories.

Use rejection inward and outward invoices.

Use debit note and credit note.
Allow debit note and credit note invoice.

inventory features

Step 3: Back to gateway of telly-->accounts info-->ledgers-->create below heads:

Purchase account.   Under.    Purchase account

Sales account.          Under.     Sales account

Debtors(name)         under.     Sundry debtors

Creditors (ABC ltd.).     Under.      Sundry creditors.

ledgers

Step 4: Back to gateway of telly--> inventory info-->create item below:

Stock group.     (Electronics)

Stock categories.   ( Dell)

Stock items.        (Laptop)

Units of measure.   (Pieces)

Go down.            (Mumbai)

stock

Step 5: Back to gateway of telly--> accounting voucher then make entry.

1. Press f9 for purchase entry.

2. Press f5 for payment entry.

3. Press alt+f6 for rejection outward then write the customer name (ABC ltd.) and rejected item with amount ( 50 pieces laptop).

4. Press control+f8 for debit note then fill the details about customer return pieces etc.
Debit note and credit note voucher entries in telly ERP 9.

debit note

Step 6: Back to gateway of telly-->display-->Day book. For checking entries.