Hi All

I am in ERP LN 6.1

I have done some digging around the forum and found the session

tfacr2140m000 - Doubtful Sales Invoice

When I process a invoice as doubtful the journal result is

Dr Trade Debtors
Cr Provision for Doubtful debt in Balance Sheet.

Is this correct?

Also When writing off a invoice

eg:Sales Invoice is $110

Journal is :

Dr 110 Trade Debtors
Cr 100 Revenue
Cr 10 GST payable

When I run the session tfacr2240m000 -Write off Payment Difference

The Journal entry I get is:

Cr Trade Debtors 110
Dr Expense 110

My question is what happens to the GST component? why doesn't that get reversed as well?

Regards

Thay

Unfortunatly I do not know BAAN very well but in an accounting point of view the first booking seems to me wrong
It should be
Cr Trade Debtors
Dr Provision for Doubtful debt in Balance Sheet

The second one is correct : I supose GST is like VAT so if you write off the customer position you can not collect back VAT or TAX.

Regards
Nik

When u process the invoice to to doubtful in tfacr2140m000, the system will -

Cr. AR
Dr. Doubtful Debt

Write off payment different will not write off the whole invoice amount.

HI TebbyTan

Write off payment different will not write off the whole invoice amount ??- how else are we suppose to write off a entire invoice?

If you want to write off the CN without leaving any balance, you can use the Credit Note.

Dr. XXX
Cr. AR

Doubtful Debt session is for your to provide for only, you can still set the invoice to undoubtful again.

if the invoice already being paid and the balance is less than $1, you can use the write off payment difference to clear the balance.

Good day,
TT