What Is a Credit Note? (NZ GST Rules Explained)
A credit note reduces or cancels an invoice you've already issued. When NZ suppliers issue one, what NZ GST law now calls it, the 28-day rule, and a worked example with the GST maths.
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7 articles
A credit note reduces or cancels an invoice you've already issued. When NZ suppliers issue one, what NZ GST law now calls it, the 28-day rule, and a worked example with the GST maths.
Read articleA remittance advice tells a supplier which invoices a payment covers. What goes on one, an NZ example, how to send one from Xero, and how to spot the fake remittance email scam.
Read articleA staged guide to an unpaid invoice in New Zealand: reminder, letter of demand, statutory demand, Disputes Tribunal (now up to $60,000) and debt collection.
Read articleYes, but only if your terms of trade say so. There is no automatic right to charge interest on an overdue invoice in NZ. Here is the legal basis and how to word it.
Read articleA quote is an offer to do work at a price. An invoice is a demand for payment once it is done. Here is the difference, when to use each, and where a pro forma invoice fits.
Read articleA pro forma invoice is a provisional invoice issued before a sale is confirmed. It is not a tax invoice and no GST can be claimed on it. Here is how NZ suppliers use one.
Read articleSince 1 April 2023 NZ GST law requires taxable supply information, not a document called a tax invoice. Here is what must be on your invoice now, by dollar threshold.
Read articleEnabling NZ wholesalers to offer instalments as a payment option, while getting paid up front in full.

