How do I write off a bad Accounts payable debt

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Writing off bad debts in accounts payable to suppliers where the bill is no longer due and relates to three years ago

My client has about 20 or 30 bills in the Bills screen of hosted that relate back to 2014/2015 and for whatever reason they are no longer due to the supplier and need to be written off.

Can anyone suggest how to write off unpaid Accounts payable bills from previous years?

Thankyou
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Carina Gazzard

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Posted 5 months ago

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Kevin Russell, Accredited Partner

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Why dont you create a bill credit?
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Carina Gazzard

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Kevin Russell.   Thankyou.
It sounds too easy.  But I will give one a go and check it is doing what I need it to do.
I guess as they are three to four years old my fear is GST implications etc. but these bills are not due to the suppliers for whatever reason and I would love to clean it all up
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Carina Gazzard

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Kevin do I not need to post it to bad debts for the reason for the reversal?
Also if I did a bill credit will there then still be a DR and CR on the aged payables report?
(Edited)
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Kevin Russell, Accredited Partner

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Carina no you do not. Once you create the credit you can offset one against the other and remove them from the system. Please call me if this is unclear 0407744914