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Re: Provision of Bad debt at individual customer account level

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Hi Parveen,

 

ByDeign has the details of provision but misssed to provide standard process steps (shown below)

 

Allowance for Doubtful Accounts

 

Overview

For year-end closing, you value your receivables with regard their credit risk. On the basis of your business experience, you determine a percentage for losses on receivables. You apply this percentage to your receivables and post the credit risk to a separate account.

 

Posting Allowance for Doubtful Accounts

To post an allowance for doubtful accounts, create a journal entry voucher in the General Ledger work center, Journal Entry Vouchers view.

The allowance is posted to the following accounts in the delivered charts of accounts:

 

Posting Type

Account

Debit

Adjustable General Provision for Receivables

Credit

General Provision for Receivables

 

 

 

Thanks for your response

Govind Sharma


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