Recovered Bad Debt
Nicole_7801064
Member Posts: 19 ✭✭
I have a customer who has contacted us in relation to an invoice that was written off as a bad debt (about 7 years ago). He wants to pay it off (isn't he great) so how do i bring it back from a bad debt to a current debt?
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Comments
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I believe there could be many ways, I would simply make a new invoice as you’ve already claimed the income and the expense when written off to bad debts1
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HI Nicole
How did you write off the bad debt in the first place, issue a credit note to the bad debt exp. account? Delete the credit not will bring the debt back and show it still with correct aging over 120 days. If you did a jnl entry delete the jnl entry.0
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