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

Write Off, Refund, Return

Invoice Refunds

Cheque Returns

Write Off Accounts

Supplier Write Offs (VAT Cash Accounting

Customer Write Offs (VAT Cash Accounting)

Write Off Transactions

Write Off Transactions Below a Specified Value

Write Off Small Overpayments