Writing off a Taxed Invoice
Instead of creating a debit memo, you can mark the debt as paid in full and write off the remaining amount.
Address: ARECE
Menu: Customer > Entry > Cash Receipt
Click OK to open a journal.
Type: Payment
Check #: the date of the transaction
Amount: 0.00
Click: <NEXT>
If a Confirmation Warning box appears,
Click <OK>
Click <NEXT>
Enter or lookup the Customer’s account associated with the Invoice to write-off.
Click <Next>
**The magnify glass can be used to search the list, otherwise, scroll through the list.
Check the box of the Invoice to write off
Check the Paid In Full Box
Zero out the Apply Amount: 0.00
Press <TAB>
The Write Off Distribution Window will appear.
Check the Box of the Write-Offs listing
Click <WRITEOFF TAX>
The Write Off Distribution screen will appear
Zero out the Amount field of the Sales Discount Row
Account: Enter or look up and select the appropriate Bad Debt G/L Account
Amount: the remaining Proof will default.
Click <+ ADD>
The Proof is 0.00
Click <OK>
Click <FINISH>
Confirmation:
Ready to Update?
Click <YES>
