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## 4.3 Create Debit Note

This topic describes the systematic instruction to create a debit note using Create Receivables and Payables screen.

1. On Create Receivables and Payables screen, select Debit Note from the Instrument Type list.
2. Click Proceed to view the screen for populating debit note details.
   The Debit Note - Basic Information screen displays.

   Figure 4-11 Debit Note - Basic Information

   Description of "Figure 4-11 Debit Note - Basic Information"
3. In the Debit Note Number field, specify the unique debit note number to be created. Or in case of existing debit note number, click Search icon and select the existing debit note number.
4. In the Link Invoice field, click the Search icon to search and select the invoice to be linked with the debit note.
   The Link Invoice screen displays.

   Figure 4-12 Link Invoice

   Description of "Figure 4-12 Link Invoice"
5. Perform the following steps to search and select the invoice to be linked.

   Note:

   The fields marked as Required are mandatory.

   For more information on fields, refer to the field description table.

   Table 4-13 Link Invoice - Field Description

   Field | Description
   --- | ---
   Supplier | Click the Search icon and select the supplier of the invoice. In case of linked invoice, the relationship is auto-populated.
   Relationship | Click the Search icon and select the any of the relationship maintained for the selected supplier.
   Buyer | Click the Search icon and select the buyer for the credit note.
   Invoice Number | Specify the specific invoice to search for.
   Amount From | Specify the minimum amount of the invoice respectively to filter the invoice search.
   Amount To | Specify the maximum amount of the invoice respectively to filter the invoice search.
   Currency | Select the invoice currency.

   1. Click Fetch to view the invoices matching to the search criteria.
   2. Select the invoice(s) from the search result and then, click Save to select the invoices for the debit note.
6. Specify the following debit note details in the Basic Information screen.

   Note:

   The fields marked as Required are mandatory.

   For more information on fields, refer to the field description table.

   Table 4-14 Basic Information - Field Description

   Field | Description
   --- | ---
   Debit Note Date | Click the Calendar icon and select the date on which debit note is created.
   Debit Note Due Date | Click the Calendar icon and select the date by when the debit note is due.
   Supplier | Click the Search icon and select the supplier for the debit note. In case of linked invoice, the supplier is auto-populated.
   Relationship | Click the Search icon and select the any of the relationship maintained for the selected supplier. In case of linked invoice, the relationship is auto-populated.
   Program | Click the Search icon and select the program to create the debit note for. In case of linked invoice, the program is auto-populated. This field is applicable only for OBSCF system.
   Buyer | Click the Search icon and select the buyer for the debit note. In case of linked invoice, the buyer is auto-populated.
   Supplier Division Code | Click the Search icon and select the division code of the selected supplier.
   Buyer Division Code | Click the Search icon and select the division code of the selected buyer.
   Currency | Select the currency of the debit note. In case of linked invoice, the currency is auto-populated.
   Adjustment Reason | Select the adjustment reason to be considered for creation of debit note.
   Funding Request Date | Click the calendar icon and select the date on which funding for the debit note is requested. This date can be greater than or lesser than the system’s current date. Note: The Funding Request Date can be lesser than the system's current date only if the Allow Back-Dated Disbursement toggle is enabled in the System Parameters, Product Parameters, or Program Parameters.
   Remarks | Specify the remarks about the debit note, if any.
   Pre-Accepted | Switch the toggle ON if the debit note is pre-accepted by the buyer.
   Collection/Repayment Account | Displays the details of Collection/Repayment Account.
   Payment Mode | Select the preferred mode in which payments for the invoice will be received. The available options are: Account Transfer CBT – Cross Border Transfer EFT
   Virtual Account | Switch the toggle ON, if the repayment account is a virtual one.
   Disbursement Credit Account | Displays the details of Disbursement Credit Account.
   Payment Mode | Select the preferred mode of disbursement for this product. The available options are: Account Transfer CBT – Cross Border Transfer EFT
   New Account | Switch the toggle ON, if the disbursement credit account is a new one.
   Filler Fields/Miscellaneous Fields | Specify the desired values in the filler fields. The bank can configure these fields on Day Zero based on their requirement.

7. Perform any of the below action from the Basic Information screen:
   - Click Next to go to the Commodity and Pricing screen.
   - Click Save and Close to save the debit note details and submit it for authorization.
   - Click Cancel to cancel the creation of the debit note.

Commodity and Pricing

8. Click Next on Basic Information tab.
   The Debit Note - Commodity and Pricing screen displays.

   Figure 4-13 Debit Note - Commodity and Pricing

   Description of "Figure 4-13 Debit Note - Commodity and Pricing"
9. Switch the Add Commodities toggle ON to view Commodity Details section.

   Note:

   The fields marked as Required are mandatory.

   For more information on fields, refer to the field description table.

   Table 4-15 Commodity Details - Field Description

   Field | Description
   --- | ---
   Debit Note Number | Displays the reference number of the debit note.
   Buyer | Displays the name of the buyer.
   Supplier | Displays the name of the supplier.
   Debit Note Due Date | Displays the date when the debit note is due.
   Inherit Commodities | Switch this toggle ON to inherit commodity details from the linked invoice(s). This toggle is displayed only if one or more invoices have been linked.
   Add Commodities | Switch this toggle ON to add the commodities for which the debit note is being raised.
   Invoice Number | Select the invoice whose commodity record is to be linked to the debit note.
   Commodity Name | Click the Search icon to select the required commodity.
   Unit | Select the measuring unit for the goods.
   Quantity | Specify the quantity of the goods as per selected measuring unit.
   Unit Cost | Specify a single unit’s cost of the goods.
   Discount (%) | Specify the percentage of discount to be applied on the total cost.
   Discount Amount | Displays the discount amount based on the discount percentage.
   Tax (%) | Specify the percentage of tax to be applied on total amount post discounting.
   Tax Amount | Displays the tax amount based on tax percentage.
   Net Cost | Displays the net costing based on all the previous fields.
   Action | Displays the following options to edit or delete the commodity details. Click Edit icon to edit the record. Click Delete icon to delete the record.

10. Specify the following details on the Pricing Details section.

    Note:

    The fields marked as Required are mandatory.

    For more information on fields, refer to the field description table.

    Table 4-16 Pricing Details - Field Description

    Field | Description
    --- | ---
    Currency | Displays the selected currency.
    Base Debit Note Amount | Displays the base amount of the Debit Note. Modify the base debit note amount, if required.
    Discount Percentage | Specify the percentage of discount to be applied on the base debit note amount. Discount percentage is auto-calculated based on entered discount amount.
    Discount Amount | Specify the amount to be discounted from the base debit note amount. Discount amount is auto-calculated based on entered discount percentage.
    Tax (%) | Specify the percentage of tax to be levied on the total debit note amount. Tax percentage is auto-calculated based on entered tax amount.
    Tax Amount | Specify the amount of tax to be levied on the total debit note amount. Tax amount is auto-calculated based on entered tax percentage.
    Total Debit Note Amount | Displays the total debit note amount post calculating base debit note amount, discount, and tax.
    Misc Charge 1 Desc | Specify the description of the miscellaneous charges to be added in total debit note amount.
    Misc Charge 1 Amount | Specify the miscellaneous charge amount to be added in total debit note amount.
    Misc Charge 2 Desc | Specify the description of another miscellaneous charges to be added in total debit note amount.
    Misc Charge 2 Amount | Specify the miscellaneous charge amount to be added in total debit note amount.
    Net PO Amount | Displays the net debit note amount post adding miscellaneous charges in the total debit note amount.
    Acceptance Amount | Specify the debit note amount that has been accepted by the Buyer.

    1. Click Add icon to add rows in the grid.
    2. In the Action column of grid, perform any one of the following steps:
    - Click Delete icon to remove that specific row.
    - Click Edit icon and specify the commodity details in the grid.
11. Perform any of the below action from the Commodity and Pricing screen.
    - Click Next to go to the Shipment Information screen.
    - Click Save and Close to save the debit note details and submit it for authorization.
    - Click Back to go to the Basic Information screen.
    - Click Cancel to cancel the creation of the debit note.

Shipment Information

12. Click Next on Commodity and Pricing tab.
    The Debit Note - Shipment Information screen displays.

    Figure 4-14 Debit Note - Shipment Information

    Description of "Figure 4-14 Debit Note - Shipment Information"
13. Specify the fields on Shipment Information screen.

    Note:

    The fields marked as Required are mandatory.

    For more information on fields, refer to the field description table.

    Table 4-17 Shipment Information - Field Description

    Field | Description
    --- | ---
    Shipment Date | Click the Calendar icon and select the date on which the buyer expects commodity to get dispatched.
    Shipment Number | Specify the unique shipment number to track the shipment.
    Shipment Address | Specify the complete address where shipment should be sent.
    Shipment Country | Specify the country to send the shipment to.
    City | Select the city to send the shipment to.
    Zip Code | Specify the postal code to send the shipment to.
    Phone Number | Specify the contact number of the shipment company.
    Tax Id | Specify the unique tax id if shipment charge includes tax amount.
    Reason for Export | Specify the reason for exporting the shipment.
    Terms of Sale(Incoterms) | Select any of the below terms of sales: DAF – Delivered At Frontier DES - Delivered Ex Ship DEQ - Delivered Ex Quay DDU - Delivered Duty Unpaid CIP - Carriage and Insurance Paid To CPT - Carriage Paid To CIF - Cost, Insurance and Freight CFR - Cost and Freight FOB - Free On Board DDP - Delivered Duty Paid FCA - Free Carrier EXW - Ex Works FAS - Free Alongside Ship
    Payment Terms | Specify the terms of payments, if any.
    Country of Origin | Select the country from where the shipment is being sent.

14. Perform any of the below action from the Shipment Information screen:
    - Click Next to go to the Summary screen.
    - Click Save and Close to save the debit note details and submit it for authorization.
    - Click Back to go to the Commodity and Pricing screen.
    - Click Cancel to cancel the creation of the debit note.

Summary

15. Click Next on Shipment Information tab.
    The Debit Note - Summary screen displays.

    Figure 4-15 Debit Note - Summary

    Description of "Figure 4-15 Debit Note - Summary"
16. Review the detail of the debit note being created and perform any of the below action from the Summary screen.
    - Click Save and Close to save the debit note details and submit it for authorization.
    - Click Back to go to the Shipment Information screen.
    - Click Cancel to cancel the creation of the debit note.

    Note:

    A cashflow record is created for each new debit note record, if the ‘Create Cashflow from Invoice’ system-level configuration flag is set to Yes.

Parent topic: Process to Create Receivables and Payables