accpac simply accounting 9.0 User Manual
Chapter 13: Selling
User Guide 13–19
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ACCPAC INTERNATIONAL, INC. Confidential
Selling Selling
c) In the Account field, select the revenue account in which
you record interest revenues.
6. Clear the payment terms for the invoice.
7. Click
Process.
8. Receive the payment as you would for any other invoice. For
more information on receiving payments, see “Receiving a
Payment on Unpaid Invoices” earlier in this chapter.
Payment on Unpaid Invoices” earlier in this chapter.
Writing Off Bad Debts
Once you have decided that a customer is not going to pay an
invoice, you must write it off.
invoice, you must write it off.
You must ensure that you have set up an expense account (5000-
5999) for Bad Debts.
5999) for Bad Debts.
In Canada, you must also have the following accounts:
Account Type
ITC (Input Tax Credit)
Adjustments
Adjustments
Liability (2000-2999); subgroup with
other GST accounts
other GST accounts
ITR (Input Tax
Refund) Adjustments
Liability (2000-2999); subgroup with
other QST accounts
other QST accounts
1. In the Home window, choose the Sales, Orders, and Quotes
icon.
2. In the Transaction field, select Invoice. In the Paid By field,
select Pay Later.
3. Select the customer, and then enter the original invoice
number followed by the letters BD (for bad debt) in the
Invoice field.
Invoice field.
4. In the Amount field, enter the amount of the debt with the
taxes subtracted, preceded by a minus sign.
5. Double-click the Account field, and select the Bad Debts
account.