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Problem: How Can I write off Accounts Payable balance ?

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

1) Go to Accounting>Service Tools>Mutual Settlements : 

2) 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 balance (unpaid Invoice Received), and put PL Expense account if you want to write off Advances Paid (non-allocated prepayment): 

3) In Accounts Payable Tab use Pick option to select the Invoices (or Prepayments) that you want to write off:

 


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