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Problem: How

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to write off Accounts Payable balance?

Solution: Accounts Payable balance can be written off by Mutual Settlement document. 

1) Go . Go to Accounting>Service Tools>Mutual Settlements: 
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2) Create . Create a new document. Select Transaction Type - Supplier Debt Adjustment. Specify Supplier name. 

In Account field:

• Put PL Income account if you want to write off Payable

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• Balance (unpaid Invoice Received),

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• and 
• Put PL Expense account if you want to write off Advances Paid (non-allocated prepayment):

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3) In . At Accounts Payable Tab tab, use Pick option to select the Invoices (or Prepayments) that you want to write off:
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4) In. In GL Account column GL account from invoice will should be selected, in Amounts column there should be the amount that you want to write off: 
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5) . Once you post the document is posted, the following transactions will be is created: 
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6) . In Company Statement, the written off balance will be is marked as paid:
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