Invoice GlossaryБългарски

What is a Credit Note? Invoice Corrections Explained

A credit note is a document issued by a seller to reduce the amount owed on a previous invoice. In Bulgaria, credit notes must reference the original invoice number and use doc_code 2.

When to Issue a Credit Note

Credit notes are issued for: product returns, pricing errors, quantity discrepancies, early payment discounts, and contract cancellations. NeuralParse identifies the document type automatically (doc_code 2 for credit notes vs 1 for invoices).

FAQ

Does NeuralParse distinguish invoices from credit notes?

Yes. It identifies document type and extracts doc_code (1=invoice, 2=credit note).

Related Terms

VAT (Value Added Tax)

Understanding VAT on invoices: rates, calculation, and how automated parsing handles VAT extraction.

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