Debit Note & Credit Note Explained in Lighthouse ERP | Purchase Accounting & Approval Workflow

Описание: Debit Note & Credit Note Explained in Lighthouse ERP | Purchase Accounting & Approval Workflow #erp

Understanding Debit Notes and Credit Notes is a must for anyone working in ERP, accounting, or finance.

In this video, we explain the Purchase-side Debit Note & Credit Note process in Lighthouse ERP, step by step — without confusing accounting theory.

📌 What you’ll learn in this video:
✔ What is a Purchase Debit Note
✔ What is a Purchase Credit Note
✔ When to use Debit Note vs Credit Note
✔ Real-life business scenarios (rate difference, quantity mismatch, returns, tax correction)
✔ Complete ERP process flow
✔ Approval-based posting & accounting impact
✔ How vendor outstanding gets adjusted automatically

Key ERP Concepts Covered:
• Debit Note → Vendor payable increases
• Credit Note → Vendor payable decreases
• Original invoice is never edited
• System-driven accounting entries
• Fully auditable adjustment process

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Must know
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Is LIGHTHOUSE ERP easy to learn?
Which is the best ERP software in India?

👩‍💼👨‍💼 This video is useful for:
• ERP learners
• Accounts executives
• Finance professionals
• Freshers entering accounting roles

📌 Next Video:
Bank Reconciliation Process in ERP – matching ERP books with bank statements.

👉 Subscribe to Lighthouse ERP – FARM Module for practical, real-world ERP accounting training.


Disclaimer:

These videos are designed for beginners to help you get familiar with the concepts. While this course won't turn you into an expert, it will give you a strong foundation to understand how Lighthouse ERP works and how it supports business processes.

Please note:

This course is provided completely free of cost. We do not charge any money for access to the content shared on this channel.

We have not authorized any individual, organization, or third party to collect money or offer paid versions of this course on our behalf.

Completion of this course does not guarantee any job, employment, or placement opportunity. It is intended purely for educational purposes to enhance your understanding of ERP systems, specifically Lighthouse ERP.

Stay informed. Learn freely. And beware of anyone claiming otherwise.

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