Kite Invoice - How to create Debit Note / Purchase Returns for BILL (Free Online Invoice Billing Software with Inventory and Accounting)
Kite Invoice is an online invoice billing software package developed and marketed by Kite Technology Solutions. Kite Apps are targeted mainly towards small and medium-sized businesses and offer as cloud-based version that Track Invoices, Bills, Warehouse, Inventory and more. Cost effective best alternative software like leading Quickbooks, Zoho books, Freshbooks, Wave, Xero Assume that Bill is received from the supplier and products also are received. Assume that Payment is settled for the Bill as well. Steps. Kite Invoice handle the Purchase Return, as two step processes. First need to create a Debit Note on the Bill. This will reverse the Purchase and Inventory Accounts in the app. Next need to create a Refund Payment for the Payment transaction of the Bill for which Debit Note was created. This will reverse the Payment Accounts in the app. The above two steps will tally the Bill with Debit Note and Purchase Return will be completed. Steps fo...
