Debit Note for price adjustment

Debit Note for price adjustment

Question:

We generated a Purchase Invoice for a 20,000 INR item. We must generate a Debit Note to adjust the price of the item to INR 15,000. Can a Debit Note accommodate for price fluctuations?

Answer:

For price adjustments, you can create a Debit Note against the Invoice itself. In the Debit Note, enter only the amount by which you wish to reduce the price of the Items.

Original invoice for a purchase

Create a debit note for the price variation

Upon submission of Debit Note, the original Purchase Invoice balance would be reduced by the amount of the Debit Note.