A credit memo template is a commercial document which is issued by the seller of goods or services to the buyer, reducing the amount that the buyer owes to the seller under the terms of an earlier invoice. It is also known as a credit note or just a credit balance sheet. Generally, it is sent by the seller to its customers with the intention of indicating the products, quantities, qualities, individual amounts and total amounts due towards them. The credit memo template can also be issued in case of errors or allowances as well as drafted like an invoice. This document will include some of the basic information, such as business information, customer information, date, quantity, product number, description, unit price, line total, and totals. Moreover, the signatures of the concerned sales representatives must be included as well. Benefits of Credit Memo: A credit memo template is a document which refunds the extra amount of money or transactions which are paid by a customer mistakenly. It makes sure that both the customer and the seller get a sufficient amount of money and helps clear bills by paying off what is left behind. This memo also helps in maintaining goods