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Under what circumstances would it be appropriate to raise a debit note against the supplier payment?
A debit note is appropriate when a buyer needs to formally request a reduction in the amount owed to a supplier due to reasons such as receiving damaged goods, discrepancies in the invoiced quantities, or overcharging. It serves as a record of the buyer's claim for adjustment against the original invoice. Additionally, it is suitable when there are agreed-upon returns or allowances that affect the total payable amount. Raising a debit note helps maintain clear communication and documentation between the buyer and supplier regarding financial adjustments.
What else can I help you with?
What are the Appropriate circumstances to link individual payment to team performance?
in wha circumstnces pay for performance is appropriate and why
Once your payment request in Payment Plus is final-approved how does the supplier receive payment?
go to the payment request’s Payment Plus tab to get the account information that I give to the supplier when I make the purchase
How does the supplier receive payment once your payment request in Payment Plus is final-approved?
go to the payment request’s Payment Plus tab to get the account information that I give to the supplier when I make the purchase
How does supplier receive payment once your payment request in Payment Plus is final-approved?
go to the payment request’s Payment Plus tab to get the account information that I give to the supplier when I make the purchase
If a civil suit judgment is against the husband is the wife liable for any of the payment?
A civil suit judgment is against the person who is named in the lawsuit. Unless there are extenuating circumstances, the wife would not be liable for the payment.
How you explain to supplier for delay in payment?
There are quite a few ways to explain to a supplier why there might be a delay in payment. The truth is often the best course of action.
What is the definition for sundry debtor in Tamil?
payment to supplier
How do you create a payment instruction for a supplier?
To create a payment instruction for a supplier, first gather the necessary information, including the supplier's name, bank details, invoice number, and payment amount. Next, use your accounting or financial software to input this data into the payment instruction template, ensuring accuracy. Finally, review the details for correctness and submit the payment through your preferred payment method, ensuring to keep a record for future reference.
What is the difference between Cash against Documents and Letter Of Credit?
In the case of foreign trade, payment is always done through banks. The supplier assigns a bank and the customer assigns a bank. The deal happens between these two banks only. Cash Against Document (CAD): The supplier produces the documentation through its bank to the clients bank, then the client's bank hand overs the documents to its client against receiving payment. After that, the client's bank transfers the money to supplier's bank. Letter of Credit (LC): The supplier produces the documentation through its bank to the client's bank. The client's bank directly pays against the document's submission, so the risk is on client's bank. Hence, the trust worthiness factor increases, as the client's bank guarantees the payment against documentation. It is always preferable when both parties lack trust and want more security. The basic difference is in CAD the client pays the money to its bank and the bank sends it to the supplier's bank. With LC, the client's bank pays the money without failing against documentation, so in LC the supplier is more assured of getting the money.
How do you force a supplier to ship goods that have been paid for but where the supplier is asking for additional payment?
Take all of your documentation to a decent attorney.
How we explain to the supplier for non payment of material?
First time we have procured the goods from overseas and made payment in time due to global recession at present we can not do payment in time and explain to supplier that at present we can not do the payment but payment will be made within the end of the month and also require some material from you also. So give me a effective reply to understand and give me time for payment and material.
What is the DA Payment against acceptance?
WHat is the DA = Payment against acceptance
