Forgetting an unpaid invoice

[Robert Locke]

On Tue, 2004-11-30 at 10:50, Dale Alspach wrote:
> In English the name Afschrijve may be equivalent to Write-off.
> 
> Sometimes Accounts Receivables get moved into a "Doubtful" asset for a
> while and then finally expensed as a Write-off.
> 

Check with your accountant, but this also depends on whether you are
doing Cash or Accrual Accounting.....

In Accrual Accounting, you recognize the income of the sale/invoice at
the time of the sale/invoice.  This is when you need to be able to
"write-off" an open invoice, as Dale is suggesting....

In Cash Accounting - used by most small businesses, you recognize the
income of the sale/invoice at the time of payment.  If you never receive
payment, you never recognize the income and consequently do not need to
"write-off" the open invoice - simple deletion(unposting) of an invoice
could be used to clean up reports.....

HTH,

--Rob