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Is a Debit Memo collectable?

We paid a vendor for a couple of invoices in 2014. Paid in Full as invoiced. Vendor changed ownership. Now 12-10 months later, the Vendor presents Debit Memos for unbilled items and demands payment. Large national company ~ $20,000 What would you do? Can they collect on Debit Memo? (Rest of the story...They never invoiced for freight - even though we had brought it to their attention. They switched to SAP - only company named for its customers!)


Topic Expert
Wayne Spivak
Title: President & CFO
LinkedIn Profile
(President & CFO, |

That your vendor changed ownership is moot. That you told them and they didn't charge you at the time is moot.

What did your purchase order say or what did the sales order/invoice say FOB was.

SInce its only 10 months later, well within the statute of limitations, notwithstanding anything to the contrary (FOB) you owe the money.

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