Hi there, just wondering if the system is setup to allocate bad debt and move it from sales revenue figures?

Vote Up
0
Vote Down

Hi there, just wondering if the system is setup to allocate bad debt and move it from sales revenue figures?

1 answer

Vote Up
0
Vote Down
Peter Connor ⋅ Staff December 17, 2015
Public

Hi, 
Sure, we’ve built workflows that know all the accounting logic so you don’t have to. These are just for the most common day to day workflows. 
If you want to do anything outside of the workflows you can use our Manual Journal Entries to bypass the workflows and do what you want. 
You’ll find them in Accountants & Reports in the top nav. 
If you’re not familiar with double entry accounting then it’s better you get an accountant or book keeper to do this for you. 
Hope that helps. 

Pete

#answer-2276
  1. Accounts C December 17, 2015
    Brilliant, thanks Pete
  2. Peter Connor December 17, 2015
    Sure no problem. You can invite you accountant in using the multi user app.
    Pete
  3. Accounts C December 17, 2015
    Hi Pete, sorry just getting back to this query now. When you say built in workflows I am not sure I follow that. I am looking to mark several invoices as bad debt, so they are removed from my 'money owed' figure. At the moment my sales and money owed figures are out as I will never get paid this invoices
  4. Peter Connor December 17, 2015
    So. You can do two things.
    1) Delete them
    2) Mark a credit note against them.
    Hope that helps.
    Pete.

Please login or Register to Submit Answer