Debit Memo
Memos are short documents used in business to convey information such as notices or corporate communication updates. A basic memo may vary from an informational memo to a debit memo. Buyers, vendors, as well as banks often use debit memos to their suppliers or clients.
Legal memorandum or a memorandum of advice is another type of memo used in law firms. Different types of memos are found in the site. To search for a specific type of memo, just go to our home page and do a search for that particular memo. All examples can be downloaded by clicking on a link below the sample.
Debit Memo Example
Restaurant Debit Memo Example
Debit Memo Template
Simple Debit Memo Template
Agency Debit Memo
Refund Debit Memo Example
Free Debit Memo
Debit Memo in Excel
What Is a Debit Memo?
A debit memo, in layman’s terms, is an indirect approach for a buyer in asking for a refund or a discount on its order or purchase. This happens when the products received are either partially damaged or simply the incorrect product they ordered. The buyer may ask for a full refund or keep the wrong product (if needed) and ask for a discount.
Either way, a debit memo is issued and the buyer is debiting its accounts payable to the seller. The seller in turn, if agrees to the memo, adjusts its accounts receivable for the discount.
Memo examples and confidential memo examples seen on the page can be used as reference in making a memo. Feel free to download the sample by clicking on the link below it.
Uses of a Debit Memo
A debit memo has three major uses in business, namely for
- an incremental billing or invoice,
- internal offset, and
- for bank transactions.
Memo examples in Word are found in the page to further assist in the making of a memo. Just click on the download link button beneath the sample to access the file.
Blank Debit Memo
Debit Deposit Memo Example
Basic Debit Memo
Vendor Debit Memo Sample
What Does “Debit” Mean on a Bank Statement?
Debit on a bank statement represent bank service charges, bounced check fees, printing charges for check stock, or rental fees for remote deposit capture scanners and software. Banks transactions represent for the most common usage of debit memos.
Memo examples in PDF and credit memo examples shown on the page can assist you in the better understanding of a debit memo. Feel free to get a closer look at the samples by clicking on the download link button under the example.
Tips for Writing a Debit Memo
Some debit employee memos are used as an immediate request for payment or invoice for companies offering installment payment. The following steps make up a professional manner of reminding a customer of a missed payment:
- Compute the balance amount the customer owes
- Type in information starting with date, customer name, address and account number and indicate amount
- Include items and quantity sold with description
- End with a considerate conclusion like understanding financial situation and how the company is willing to work out an arrangement
Samples memos in the page show how a debit memo is made. Simply scroll through the page to get a glimpse of the samples and click on the link below the sample to have a closer look.
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