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How to write off debt (General)

posted by Dieter Simader(R), 18.04.2015, 17:34

Thanks Dieter.

I am quite A basic user really and not too savvy with accountancy terms.

So do you mean put a "pretend" payment through SQL Ledger i.e. add it to
SQL Ledger, but it doesn't really happen in real life?

Where do I do the "offsetting GL entry"?

Thanks


It is not just a "pretend" payment, this is the way you write off an invoice. Create a payment account "Bad Debts" and use the account to pay for the invoice. A Bad Debts account is an expense account, you also have to set this account as a payment account or it won't show up in the list of accounts available for payments.

 

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