bad debt

SINOEUNSTEVENNEANG
SINOEUNSTEVENNEANG Member Posts: 202
edited 2012-08-27 in NAV Three Tier
dear all
good day

could you tell the best practice to process bad dept ?

waiting for kindly reply.

Comments

  • ufuk
    ufuk Member Posts: 514
    It depends on the legal regulations. What does your local regulations demand?
    Ufuk Asci
    Pargesoft
  • SINOEUNSTEVENNEANG
    SINOEUNSTEVENNEANG Member Posts: 202
    i don't have any idea about that too. could you please suggest me your way ?
  • ufuk
    ufuk Member Posts: 514
    Create g/l journal for the bad debt amount to transfer it to the relevant g/l account. Then transfer it to the income statement. Upon receipt, decrease the amount in bad debt acc...Block the customer...
    These are all accounting related issues and you should better consult to an accountant. Once you learn what is required for this process, you can tell NAV what to do..
    Ufuk Asci
    Pargesoft
  • SINOEUNSTEVENNEANG
    SINOEUNSTEVENNEANG Member Posts: 202
    ok thanks you! really appreciate your help. i will consult with accountant.

Categories