Write off Bad Debts – A summary of the activity

The amount will be written off against the provision for bad debts. You can specify the date on which the write off transaction has to be made. You can retrieve the overdue documents for which provision has been created by carrying out the search using the code identifying the customer, the organization unit from where the documents has been raised, the number identifying the document, the type of the document, overdue amount, the code identifying the finance book in which the entries are posted and the overdue days. The system retrieves the document details based on the search criteria.

The system generates the transaction number after writing off the bad debts. The system computes the base amount for the transaction (write-off amount * Exchange Rate) for the selected documents. The system generates a credit note for each customer currency combination. The system also saves the credit note number and the credit note organization unit against each of the documents.

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