Re: Doubtful receivables

[Steve D. <sd...@sw...>]

Hi Phillip.

Philip Reetz wrote:

> Hello,
> I have a small question. Some time I invoiced one of our customers. This
> position now appears in accounts receivables (like it should). Since the
> company ceased to exist, it is very doubtful that a will see any money.
> Therefore I would like to move this invoice from accounts receivables to
> allowance for doubtful accounts. I could make a general ledger entry to
> reflect this change, but I also would like this invoice to disappear from
> the aging report etc.
>
> Is there way to achieve this and if so how?

See my post on Feb. 16 to Jeff Strope re: General questions.  You would only
use allow for doubtful accts. if you've previously accrued for bad debt.  If
not, you can charge the invoice directly to bad debt expense.

>
>
> Thanks a lot. And a big thanks to Dieter for the upgrade. Fixed quite a few
> problems for me.
>
> Ciao,
> Philip
>
> PS: I don't know if I got all the translations right. I hope it is clear
> what I have in mind.
>
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