Creating for Provision for Doubtful Debts account

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Creating for Provision for Doubtful Debts account

Hi,

 

Trying to setup a Provision for Doubtful debts under AR. It's a credit balance but it needs to sit under AR.

 

Any ideas on setup?

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MYOB Moderator
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Re: Creating for Provision for Doubtful Debts account

Hi @rainmancoulter 

 

Generally speaking this would be something you would discuss with your accounting advisor, as they will be able to advise you of the relevant entry or entries to record that provision as which accounts to use on that entry. If you were a student and unsure I would recommend seeking assistance from your educational institute

 

Do note that if journaling to a control account, this will impact reports that use the control account balance to determine out of balance transactions.

Regards,
Neil

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