Write Off Bad Debts
Four types of bad debts can be written off: accounts, transactions, transactions below a specified value and overpayments. All the appropriate adjustments to the nominal ledger are generated automatically, and customer and supplier account transactions are added accordingly.
Do not use the write-off facilities for making provisions for bad debts, only bad debt transactions are posted.
VAT is not accounted for when writing off a transaction.
Related Topics
Supplier Write Offs (VAT Cash Accounting
Customer Write Offs (VAT Cash Accounting)