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Download VAT Credit Note for GCC Excel Template

VAT Credit Note for GCC template excel is an example, which is use to issue VAT compliant credit note to your customers.

As per the accounting rules, a credit note is a document then supplier issues in case of overbilling or return of goods against a particular invoice.

Thus, all businesses processes and accounting systems have to be VAT compliant.

Goods return or reductions in billing decrease the VAT liability of a business. This is because the goods or services supply have reduce by that amount.

We have create a simple and ready to use excel template of VAT Credit note with predefine formula.

Users from six GCC countries; Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE can use this template.

Just select your desire country and it will automatically change the currency according to your select country.

This template can be useful to retailers, wholesalers, accountants, freelancers, accounts assistants.

When you select your country, the system will automatically change relevant currency in the template. You don’t have to change it manually.

Contents of VAT Credit Note Template

There are two sheets in this template:

  1. VAT Credit Note
  2. Customer Sheet

Customer Sheet

It contains the following columns for details of customers:

  1. Name
  2. Address,
  3. Phone
  4. Email address
  5. Customer ID
  6. VAT number

VAT Credit Note Template

The Template consists of 4 sections:

  1. Header Section
  2. Customer Details Section
  3. Product Details Section
  4. Other Details Section

1. Header Section

The Header section consists of the company logo, company name, address, company’s VAT number and heading as “Credit Note”.

2. Customer Details Section

So, Data validation creates the drop-down list from which you can select the customer name. Other customer details will be automatically updated in customer section with the help of VLOOKUP.

In addition to the above, the customer details section consists of the Credit note number, Credit Note date, and Invoice Number against which the Credit note is issued.

 3. Product Details Section

Moreover, A user needs to enter the details of products returned, their unit price etc.

The total invoice amount is calculated using the below formula:

Quantity X Unit Price = Amount.

Furthermore, there is a subtotal line below the amounts which makes the total of above line using the SUM Function.

4. Other Details Section

Other details section consists the VAT computations, Total Invoice Amount, Amount in Words and Terms & Conditions.

Apart from that, this section contains the Thank You greeting, Company seal and Authorized Signatory

So, The VAT computations have been configured with redefined formulas. Thus, it will automatically calculate the VAT amount on the total amount of the bill.

Amount = Subtotal Amount X VAT Percentage.


How to Use this VAT Credit Note for GCC Excel template

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  1. Download: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

In summary, our editable Excel templates for data analysis are easy to use and can save you a significant amount of time and effort. Simply, download the template, replace sample data with your actual data, customize it as per your requirement, use it for data analysis, and save or share it with others as needed. With our templates, you can quickly and easily analyze your data and make informed business decisions.

Click Download Button To Get VAT Credit Note for GCC Excel Template

Instruction :

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