Download UAE VAT Debit Note Excel Template for your business in UAE. As per the VAT Law, all business entity has to issue a UAE VAT Debit Note, whenever the goods delivered are less are or tax collected is less against the original issued invoice.
If you are looking for UAE VAT Credit Note format, you can find the same at ExcelDownloads.
What is a debit note ?
A Debit Note is a document issue by a vendor when actual supply or taxes collect are less against the original VAT invoice. Liability of tax is mainly paid to the government increased when a Debit note is issued.
VAT Collected on Sales + VAT on Debit Notes = VAT payable to the government.
So, This excel template of UAE VAT Debit note with predefine formulas can help you to issue the Debit note with little efforts. This template can be useful for accountants, accounting freelancers, accounts assistants.
About UAE VAT Debit Note Excel Template
Once you download this template, you start by changing the company details in the header section like the company name, logo, address and VAT number.
Select customer from the drop-down list. Hence, enter the details to debit against the specific invoice number. This debit note excel template comes with two worksheets, namely,
- UAE VAT Debit Note
- Database Sheet
1. Database Sheet
Database sheet contains the details like customer id, customer name, customer address, customer phone, Customer VAT number and customer email address. This Database sheet is link using VLOOKUP function to Debit Note Template.
2. UAE VAT Debit Note Sheet
A drop-down list is created using data validation function and you can select the customer name from it. When you select the customer name it will automatically select all the relevant customers. These details include customer’s VAT number, address, phone number will update automatically. The Debit Note Template has 4 sections:
- Header Section
- Customer Details Section
- Product Details Sections
- Other Details Section
As usual, the Header section contains the company logo, Company name, and heading of the template ” UAE VAT Debit Note”.
2. Customer Details
- The second section is Customer details section. It is linked with data validation and VLOOKUP function to the database sheet.
- You need to update the database sheet once with your customer details according to the need.
- You need to enter Debit Note number, Debit note date, and Invoice Number against which the Debit note is issue on the right-hand side of Customer Details Section.
3. Product Details
- Product details consist of details of goods like Description, Quantity, Unit Price and Amount. Simple mathematical computations are applicable.
Quantity X Unit Price = Amount.
- Moreover, The Subtotal is given at the end of Product details section. SUM Function use here is for making totals.
4. Other Details
This template contains other details and sections, Thus, other details section consists of following 7 subheadings:
- Amount in words
- Terms & Conditions
- Business Greeting
- VAT Calculation
- Invoice amount
- Company Seal/Stamp
- Authorized Signatory Section
However, The cell of the VAT amount is pre-formulate. Thus, it will automatically calculate 5 % VAT amount on the total amount of the bill.
Download and use UAE VAT DEBIT NOTE Excel Template
To use this free UAE VAT DEBIT 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.