Forum Discussion

JamesT's avatar
JamesT
Contributing User
5 years ago

Write off Small Amounts

Hi, Over the last 3 years I have a total of 350 invoices that have been overpaid or underpaid by 1c or 2c.  At the time I probably should have given a discount or adjusted the invoice to match the p...
  • Neil_M's avatar
    Neil_M
    5 years ago

    Hi JamesT 

     

    One way you could look at getting rid of those small amounts that aren’t going to be collected is outlined on our help article Accounting for bad debts. You will probably want to have a chat with your accountant over which account gets used as part of the transactions being written off

Neil_M's avatar
Neil_M
Former Staff

Hi JamesT 

 

One way you could look at getting rid of those small amounts that aren’t going to be collected is outlined on our help article Accounting for bad debts. You will probably want to have a chat with your accountant over which account gets used as part of the transactions being written off

JamesT's avatar
JamesT
Contributing User
5 years ago

Hi Neil,

 

That looks like the best way.  Thanks for the help.

James

Looking for something else?

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

Community home

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

 

Related content