Should Credit Notes Be Issued?

[minnehoma]

We have received some invoices from one of our suppliers that appear to have been sent to us in error. These invoices have been posted to our system as always happens as and when we receive any invoice. Am I right in assuming that the supplier must send us a credit note for these invoices if in fact they are not for us?

They haven't confirmed yet that they have made an error but just want to be clear on what the correct procedure is.

We have had this happen before but the value has been relatively small and so we have just posted our own internal credit with a reference stating "posting error" however, this time the amount is over £60k so do not want to raise any red flags with HMRC.

 

[Scalloway]

If the invoices have been issued in your company name then I would agree that you need to get credit notes.

 

[WaveJumper]

Lucky you never paid it

 

[nelioneil]

If its in your company name, then yes credit notes are needed. If in a different name, disregard