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1. To write off Receivable Balance, create Mutual Settlement document with Transaction Type Customer Debt Adjustment. Select relevant Expense GL account in Account field:
See also 7.5.10.4.1. 7.5.10.4.1. Creating a Mutual Settlement document. The Main tab
2. At Accounts Receivable tab, select the unpaid Invoice from Customer (please can use Pick options to select outstanding invoices):
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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See also 7.5.4. Other Expenses
4. Check the records in General Ledger:
See also 7.2.3. General Ledger
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