how to handle bad debt cases?
Hello
how to handle bad debt expense and allowance for bad debt for customer?
Hi Rehan,
Please explain your business case along with expected accounting entry.
Hi
This is a Business related issue.
You may Write Off the Bad Debt or generate Dunning Lettters fron the System to the respective Customer.
Advanced Collections has features to this effect.
Regards
Aniruddha Rave
Let suppose ABC customer which is outstanding balance Rs100,now i have to charge Rs10 for doubtful amount and writeoff ?how it will be done and what are the accounting entries?
Hi Rehan:
Create adjustments to increase or decrease the balance due for an invoice, debit memo, chargeback, or commitment. For example, you apply a receipt to an invoice, but there is still an open balance of two dollars. You can create an adjustment to write off the remaining amount and close the debit item.