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Microsoft Dynamics AX (Archived)

Provision for Doubtful Debts

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Posted on by 75

We have a need to book provision for doubtful debt customer wise. (Not the write off) Is there any way to achieve this in AX. We are currently just booking a total journal entry for provisions but cannot track per customer.

We do not want to book it on customer because we would want that Aging should not reflect the provisions created and when we send to customer’s their outstanding stmt it should still show as due..as o/w obviously they would not pay if it is not in statement.

Any work arounds or if such feature is available, looking forward for your suggestions.

 

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  • Thor Hansen Profile Picture
    1,250 on at

    Hi Arun,

    Did you find a solution for this?  We need to do exactly the same :-)

    /Thor

  • Thor Hansen Profile Picture
    1,250 on at

    What I am looking for is a way to post the provisions based on specific rules for overdue days pr invoice.

    I do not want this to be affect the account statements, but I need a way to list the transactions on the specific customers and which invoices have been tagged with provisions.

    Also, if there is a "proposal" function based on these rules, that would be even better.

    E.g.:

    Provisions calculated:

    3 to 6 months    25%

    6 to 9 months    50%

    9 to 12 months    75%

    More than 1 year     100%

    Posted credit to the AR customer account (into the GL provisions balance account) and debit expense account for provisions.

    We also need a way of reversing these provisions.

    Regards

    Thor

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