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1. To write off Payable Balance, create Mutual Settlement document with Transaction Type Supplier Debt Adjustment.
Select relevant Income GL account in Account field:
See also 7.5.10.5.1. Creating a Mutual Settlement document. The Main tab
2. At Accounts Payable tab, select the payable document from this Supplier (please use Pick options to select outstanding invoices):
See also 7.5.10.5.2. Creating a Mutual Settlement document. The Accounts Payable tab
Mutual Settlement creates the following transaction:
3) Enter Reversal . Create Other Income document with Transaction , type Reversal to adjust Income with Shareholder's account:
In GL Account CR Add Shareholder's Account (BS Capital Issued) should be selected with Company (shareholder can in Credit side. Select Shareholder as a Company (Shareholder should be created as a company) and its Contract in Dimension, in Account Dr PL Income Account that Dimensions
Add the same Income GL Account in Debit side (this GL Account was added in Mutual Settlement should be selectedearlier):
Other Income document will create creates the following transaction:
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# pay from owner account