How to write off bad credit

[Derek Atkins]

Wouter van Marle <wouter at squirrel-systems.com> writes:

>> > Exactly... and there is the core of the problems. To clear the report I 
>> > basically need to enter a negative amount, and write that off to an 
>> > expense account.
>> 
>> No. You reverse enter it. You decrease the A/R account by the remaining
>> balance and enter that amount as an increase in Expense::Bad Debts.
>
> That way it does not show up in the report of the customer. And that's
> the problem. I have now done it the way you suggest. Still it's not in
> the customer's report that it is cleared that way.

If you use Process Payment is most certainly DOES show up in
the Customer Report!

Process Payment to a temporary Asset account and then change the
account from the Asset to the Expense:Bad Debt.  Poof. You're done.
And it shows up in the reports.

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-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
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