When enabled, an Accrual % field appears and can be used to anticipate bad debt on the following receivable invoices: Freight Invoice, Claim Invoice, Time Charter Billing, Voyage Other Revenue, and Voyage Expenses Rebill.
- Accrual % defaults to blank. Blank is interpreted as 100%. You can manually set Accrual % to any value greater than 0.
- An Update button appears so that you can modify Accrual % on invoices that are posted; prior to posting, you can save the invoice to update its Accrual %.
- The Accrual % value has no affect on posting; the full invoice amount is always posted.
On the Voyage P&L:
On Monthly Accruals, for invoices with Accrual % less than or greater than 100, the amount accrued = original invoice amount less provision for bad debt.