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Problem: How can I adjust Customer Account with Shareholder's account (As Shareholder is Owner

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of Entity)

Solution:

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Use Mutual Settlement and Other Expense document as shown below.

1. To write off Receivable Balance, create Mutual Settlement document with Transaction Type - Customer Debt Adjustment, . Select relevant Expense GL in Account field any Expense GL account can be selected:
Image Modified2)In Accounts Receivable Tab

See also 7.5.10.4.1. Creating a Mutual Settlement document. The Main tab

2. At Accounts Receivable tab select the unpaid Invoice from this Customer , you (please can use Pick options to select outstanding invoices):
Image Modified3) Enter Reversal Other Expense Transaction, to

See also 7.5.10.4.2. Creating a Mutual Settlement document. The Accounts Receivable tab

3. Enter Other Expense with Transaction type Reversal to adjust Expense with Shareholder's account:
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Image Modified

See also 7.5.4. Other Expenses

4) . Check the transaction's AccuracyImage Removedrecords in General Ledger:

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See also 7.2.3. General Ledger

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