Writing off old credits
MM_7769277
Member Posts: 115 ✭
Hi again!
We seem to have quite a few suppliers with old old old (like, 2-3 years old) credits on their accounts. They range from 0.01 to $5.00. Mainly from overpayments with one or two unused credit notes.
What is the best way to write these off so as to leave a proper audit trail?
Thanks in advance!
We seem to have quite a few suppliers with old old old (like, 2-3 years old) credits on their accounts. They range from 0.01 to $5.00. Mainly from overpayments with one or two unused credit notes.
What is the best way to write these off so as to leave a proper audit trail?
Thanks in advance!
0
Comments
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for small amounts you can simply go to the invoice and add a 'rounding' line and put the cents & $5 to rounding adjustments.
For anything more than $10 I would create an invoice and the description would read "write off credit on customer account' - this would create a trail for future ref if they later wanted the credit.0
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