Download UAE VAT Credit Note Excel Template for businesses in UAE to issue a UAE VAT Credit Note, whenever the goods are return or the invoice issue is overbill.
If you are looking for UAE VAT Debit Note format, you can find the same at ExcelDownloads.
What is a credit note ?
A Credit note is a document issued by a supplier on customer reduction or discount in price on the original VAT invoice. Payment of VAT to government reduces on account of Credit Notes.
However, Goods return or reduction in billing amount reduces your tax liability as goods or services supply have been reduce by that amount.
VAT Collected on Sales – VAT on Credit Notes = VAT payable to the government.
This template for UAE VAT Credit note in Excel helps you create Credit notes for your business very quickly and easily.
About UAE VAT Credit Note Excel Template
After downloading this excel template, You will find two worksheets, namely,
- Database Sheet and
- UAE VAT Credit Note Template.
The database sheet contains the details of customers like customer id, customer name, customer address, customer phone, Customer VAT number, and customer email address. The basic purpose of creating this sheet to save time and simplify your work. Creating a database is always helpful.
And, this Database sheet is link up using the VLOOKUP function to the Credit Note Template.
A drop-down list is create and you can select the customer name. When you select the customer name all the relevant details update automatically. The Credit Note Template contains 4 sections:
- Header
- Details of Customer
- Product Details
- Other Details also
1. Header
The header part contains the logo of the company, name of company, and heading of template ” UAE VAT Credit Note”.
2. Customer Details
- The Customer detail section is link with data validation and VLOOKUP function to database sheet.
- You need to update the database sheet once with customer details as per needs.
- On the right-hand side, enter the Credit note number, Credit Note date, and Invoice Number against which the Credit note is issued.
3. Product Details
So, Product details consist of columns like Description, Quantity, Unit Price and Amount. Simple mathematical computations is applied. In the end, there is subtotal line.
Quantity X Unit Price = Amount.
4. Other Details
There are other details in the template for Credit note, which might help you in detailing other information in your credit note. Thus, Other details section contains:
- The amount in words
- Terms and Conditions
- Thank You Greeting
- Vat Computation
- Total Invoice amount
- Company Seal
5. Signature Section
However, The formula is added in VAT computation so it will automatically calculate the VAT amount on the total amount of the bill. It will automatically compute the % with the Subtotal amount and sum up for final total.
Download and use UAE VAT Credit NOTE Excel Template
To use this free UAE VAT CREDIT NOTE excel template, you should have Microsoft Office/ Microsoft Excel installed in your system. After installing Excel or Spreadsheet, download the zip file of this template, extract the template using WinRAR or 7Zip decompressing software.
Once extracted, you can open the file using Excel and start entering data or customizing the template. You can customize the currency, color scheme, fields in this excel template as per your requirement.
