After entering the bad debt transactions in Bad Debts, post the bad debt entry to the customer's account and the General Ledger using this option.
It may be useful to generate the Bad Debts Report before posting if the accountant's approval is required prior to posting to the General Ledger.
The prompts to post are:
Uncheck this box to post just a specific batch of Bad Debts records.
Note: The ability to print and post all batches respects the Posting By Batch Control flag as set in the Company Posting Parameters.
Click the ACCEPT button to begin printing the report, or CANCEL to abort.
Click NO if the paper jammed, or if corrections are required before re-posting.
Click YES if the Bad Debts Posting Report printed correctly. The
posting to the customer's account and the General Ledger will
begin.
The posting results in a credit invoice appearing in the customer's
account equal to the amount of the Write-off Invoice.
Complete the Write-Off by Clearing the Customer's
Account:
Posting the Bad Debts results in a credit invoice appearing
on the customer's account, which causes the customer's account
balance to be zero.
To clear the customer's account, apply the credit invoice W/OFF
against the other invoices and finance charges and finance
charges.
Clear Unapplied Balances can be used to
automatically clear the account.
Posting Control
The Post Bad Debts program is designed to be run by one
operator at a time per batch.
Locking will occur if an operator did not exit the posting program
correctly.
A Posting Control Information warning
will appear on the screen and only operators with Security Role permission to reset the Bad
Debts flag will have access to the RESET button
that unlocks the program.
Whenever the posting control flag for Post Bad Debts is reset, a
record is written to the Delete Log for
the Function ARBD70A.
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