Adjust Company Invoice For Free

While conducting business, it is common that an invoice under Goods and Services Tax (GST) may have been issued by mistake, or a few invoices may require modifications.However, when a registered person has to issue an invoice for the supplies made before obtaining registration, it is called a 'revised invoice'.

Invoices are legally binding accounting documents.If a business makes a mistake on an invoice they have already sent to their customer, they must cancel the invoice with a credit note and then issue a new invoice.

An invoice adjustment changes the distribution or amount of the invoice. This could be used to apply a late fee to the invoice balance or to apply an overall discount.

Can you amend an invoice and is it legal? Generally, it is legal to amend an invoice that is missing information or includes an error. However you should never delete an invoice if this happens. It is important for auditing reasons that you hold onto records, even if they are incomplete or incorrect.

Remember: never make changes to the prices on an invoice you've already sent. The amended invoice will still have the same invoice number and changing the price will confuse your customer. To amend a price, you must create a credit note instead and start again.

You'll amend the existing invoice, using the same invoice number and adding an "R" to the end of the number indicating the revision. This lets both your accounting department and the client know that the original invoice number and project is referenced.

Credit notes can cancel incorrect invoices Invoices are legally binding accounting documents.If a business makes a mistake on an invoice they have already sent to their customer, they must cancel the invoice with a credit note and then issue a new invoice.