Glossary
What do the technical terms mean
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Payment does not have to be complicated. However, there are technical terms that are often not common.
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Credit note
A credit note is the return transfer of a booking. In the case of a debit memo, a credit memo is issued by bank transfer. In the case of a credit card, a credit note by the dealer is a refund. One should avoid a credit note to the end customer by the credit card company, because this would be a chargeback.
Input reserved
The usual bank credit note "Receipt reserved (E .v.)" of collection papers on the account statement is not a final credit. The note is intended to make it clear that the bank has the right of chargeback should the debtor fail to honor the collection papers in question. Credit notes issued without legal grounds may be reclaimed in accordance with the principles of unjust enrichment (Section 812 (2) BGB).
Settlement credit
An invoice delivery or service can be offset with a so-called settlement credit under special conditions according to ยง 14 paragraph 2 of the VAT Act to deduct input tax. The prerequisites for this are:
- The recipient of the credit note must be entitled to show the tax separately.
- There must be agreement between the issuer and the recipient on the offset for the supply or service.
- The invoice has the same information as the credit note.
- The performing entrepreneur must have received the credit note.