Forum Discussion

AClark73's avatar
AClark73
Contributing Cover User
3 years ago

Debt Collection Transactions

Hi Brains Trust   We recently used a debt recovery company to recover an outstanding payment of an invoice. The customer had made a part-payment, and then didn't pay the rest.  Through the debt com...
LRBooks61's avatar
LRBooks61
Ultimate Cover User
3 years ago

I would suggest that you record an invoice for the debto collectoe for the $349.80 and pay it fron undeposited funds

Then receive the invoice payment of $1590 also to undeposited funds.

 

Then prepare a bank deposit with both transactions for the net amount to the bank.

 

This will record all transactions for you

 

Hope this helps

 

Lisa

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Level up your skills using MYOB software.

 

Find help guides and technical solutions for all MYOB products here

Explore video tutorials for our software at the MYOB Academy here

 

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.