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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Write-off Entry from D...
Microsoft Dynamics GP (Archived)

Write-off Entry from Doubtful Accounts

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Posted on by Community Member

Hello!

I would like to find out how to post an entry to Allowance for Doubtful Debts  to a particular invoice in AR . My predecessor posted a reserve to a AR contra  account (D Allowance for Doubtful Debt, C expense account).  We determined that the debt is uncollectable .Now it is time to net the Allowance with the invoice.  Any ideas? Thanks!

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  • Suggested answer
    MG-16101311-0 Profile Picture
    MG-16101311-0 26,225 on at

    Typically, the way to do this is by using the writeoff amount field in the Apply window. You would want to setup the writeoff account under Administration > Setup > Posting > Posting Account, series Sales.

  • Suggested answer
    Victoria Yudin Profile Picture
    Victoria Yudin 22,769 on at

    Hi Olga,

    You can enter a credit memo for the amount due on the invoice - debit the Allowance account, credit AR. Apply the credit memo to the open invoice. The invoice is now paid, the amount in the allowance account has been lowered by the amount of the credit memo/invoice.

    Hope that helps.

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