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Recommended Setup
Before you begin, you may want to consider creating the following accounts in the Chart of Accounts:
Revenue/Expense expense write - off account.
Write - off (dummy) bank account. : This bank account will need to must be added to the corresponding 'W' Type company in the Address Book. To set this up, follow the steps in Adding a Bank Account.
Performing a Write
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The following process uses an AR invoice as an example. The same steps can be performed for APs in a similar manner.
Step 1: Settle the invoice by excluding the write-off amount from the settlement amount.
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AP invoices:
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Settle the Invoice by Excluding the Write Off Amount from the Settlement Amount
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Create a |
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New TDE Invoice to Perform the Write Off
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Settle the |
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Write Off Invoice
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Once the above |
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steps are complete, go back to the original AR invoice. You will notice that there are now two payment records |
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: (1) a bank wire transfer and |
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(2) a write |
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off |
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