Supplier Write Offs (Using VAT Cash Accounting)

1. From the main Sage Line 50 desktop, click Suppliers.

2. Click Credit.

The Batch Supplier Credits window appears.

3. Post a 'dummy' credit note for the supplier.

Posting this credit note decreases the balance on the supplier's record by the value of the write off.

4. From the Supplier Payments window, enter the supplier's account code. All this supplier's outstanding invoices, credit notes and payments on account appear.

Highlight the payment column of the credit note you have just entered, then click Pay in Full.

Highlight the payment column of the invoice you have just entered, then click the Pay in Full.

5. To allocate these transactions, click Save.

You have now recorded the write off of a supplier's transaction in Sage Line 50 Accounting.