![]() ![]() (The rest is posted to the Cash account as money received/deposited.) The negative Amt Posted for the GL Account, should equal only the total to be written off. If this is a partial write-off where Cash Receipts Entry is being used to record partial payment, and the remainder will be written off:įollow the steps above, but enter what is received in the Cash Deposit Amount of the Cash Receipts Deposit window , and into the Amount Received field of the Cash Receipts Entry, Header tab.įor the Amt Posted for the invoice(s), enter the amounts each invoice's balance will be reduced by from both the cash received and the write-off. The negative Amt Posted for the GL Account still has to equal the total partial write-off amount(s) posted for the invoice(s).Ģ. If this is a partial write-off where the customer will still owe a remaining balance:įollow the steps above, but for the Amt Posted for the invoice(s), enter only the amounts each invoice's balance will be reduced by. § For Amt Posted, enter the full amount to be written off, as a negative valueĮxample: If the total amount(s) posted for the invoice(s) equals $50, then enter -50.00Ĭlick the Print (printer icon) button to print and update the Cash Receipts Journalġ. § Enter the GL Account number for the bad debt or write-off posting ![]() § Create a GL Account line (change the Line Type value in the secondary grid to GL Account) § For Amt Posted, enter the full amount of the invoice if writing off the full amount. § For Invoice No., enter the invoice number (or use the Lookup button to select from an Invoice List § Create an Invoice line (leave the Line Type value in the secondary grid as Invoice) O For Amount Received, verify the value entered is 0.00 Select the Private Batch check box if desired (to prevent access by other users)Įnter the Batch Number (or click the Next Batch button for the next available batch number)Įnter the Deposit Number (or click the Next Deposit Number button for the next available deposit number), Description, Bank Code, and Deposit Dateįor the Cash Deposit Amount, to write off an entire invoice, enter 0.00 and click Accept.Įnter the Customer Number (or use the Lookup button to select from a Customer List)įor Deposit Type, select Cash from the dropdown listįor Check No., enter something like BAD DEBT or WRITE-OFF Note: If you have batch processing enabled, the Cash Receipts Entry Batch window appears: Open Accounts Receivable, Main menu, Cash Receipts Entry To write-off an entire invoice or multiple entire invoices:ġ. Note: It is up to you and/or your accountant to determine the correct General Ledger account to post to when processing write-offs or bad debts. You can also write-off a portion of an invoice. Note: Creating a cash receipt in Accounts Receivable, Cash Receipts Entry is the easiest way to write off a bad debt, but it also may be accomplished by issuing a credit memo against the invoice or by adjusting the invoice. How to Write Off a Customer Invoice or Bad Debt in Sage 100 Accounts Receivable So let's delve in and demystify the process, enhancing your confidence in dealing with these inevitable business scenarios. Whether you're new to Sage 100, or an experienced user looking to refine your skills, this guide will equip you with the knowledge to effectively handle bad debts and improve your overall financial management. ![]() We'll break down this process step-by-step, helping you transform what could be a stressful and complex task into an efficient, manageable procedure. Sage 100 is a powerful tool in managing your company's finances and ensuring that your books accurately reflect your financial status. In this comprehensive article, we delve into the process of writing off customer invoices or bad debt in Sage 100 Accounts Receivable. Fortunately, with the right tools, such as Sage 100 Accounts Receivable, businesses can manage and write off these unpaid invoices seamlessly. ![]() Customer insolvency, disputes, or simple unwillingness can sometimes result in bad debt - an unfortunate pitfall in the financial landscape. In the world of business, it's a reality that not all invoices will be paid. ![]()
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