Sales invoicing and receivables · Guide 86 of 624
Write off bad debts
When a customer will clearly never pay, write the debt off in RockifyERP so your receivables are realistic.
How to do it in RockifyERP
- Make sure you have a Bad Debts expense account.
- Create a Journal Entry: debit Bad Debts, credit the receivable account with the customer as the party, referencing the invoice.
- Submit. The invoice shows as paid by the write-off.
Tip: Check with your accountant on VAT relief for bad debts. The rules differ in each country.
Need more help with RockifyERP?
Can’t find what you’re looking for? The RockifyERP support team can walk you through it. Contact RockifyERP support.