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Definitions from the Web

Debit Memo

A debit memo is a transactional document used to record a debit entry in an accounting system. It typically represents an adjustment made to correct errors or update financial information.

Senses

1. Noun: A document or note that decreases the balance of a customer account or reduces the amount owed.
2. Noun: A memo sent by a creditor to a debtor, requesting a payment or stating the reasons for a charge.

Usage Examples

1. According to the bank statement, a debit memo of $50 was applied to our account.
2. After reviewing the account, we sent a debit memo to the customer to adjust the billing error.
3. The supplier issued a debit memo for the returned products.
4. I received a debit memo from the credit card company stating an additional charge for the late payment.

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