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Evo-ERP and DBA Classic >> Sales >> Writing Off Uncollectable Accts Receivable
http://www.istechforum.com/YaBB.pl?num=1078341825

Message started by lmk223a on 03/03/04 at 11:23:45

Title: Writing Off Uncollectable Accts Receivable
Post by lmk223a on 03/03/04 at 11:23:45

Since Accounts Receivable is listed under the Sales Module, I am listing this question here.

How does one write off an invoice in Accounts Receivable when it is deemed uncollectible ???

I do not see an option for writing off bad debts.
We have a customer who filed bankruptcy with about 20-30 open invoices in Accounts Receivable.

Title: Re: Writing Off Uncollectable Accts Receivable
Post by Lynn Pantic on 03/03/04 at 11:34:31

Use AR-B to create a credit memo for the total amount to be written off. Post the GL Distribution to Bad Debt Expense. Then use AR-C, enter a $0 payment and use the credit to pay all the invoices.

Title: Re: Writing Off Uncollectable Accts Receivable
Post by lmk223a on 03/03/04 at 13:23:45

:) ;) Thanks for the superfast response!