Write Off Unpaid Debts in Microsoft Dynamics GP

by | Updated August 17, 2018 | Dynamics GP

From time to time you may have a customer that underpays what is due and you need to decide either to collect on the debt or write it off. In some cases, it makes more sense to write off that past due balance. You can write off unpaid debts in Microsoft Dynamics GP. In Dynamics GP, this is an automatic process where the system searches for applicable customers and then starts the write-off process.

Each customer has their own credit limit setting. By default, the maximum write-off is set to not allowed. This needs to be set to a number in order to use the write-off feature. You can set the maximum amount that can be written off by individual customer or for all customers.

Writing off unpaid debts in Microsoft Dynamics GP

You can write off underpayments or overpayments. You can choose one write-off per customer or one write-off per document. For example, if you have a customer who underpays 50 cents on each bill you can write off one of those, or you can write off the entire history of those underpayments.

You can choose to run the write-off for all customers or specific customers. The preview function will give you a list of all of the customers who will qualify for the write-off and how much money will be written off as a total. You can also drill down to find out what the bill was for, how much the total charge was and how much the underpayment was.

Once you finish your preview, you choose process and the posting journals are generated.

Writing off unpaid debts in Microsoft Dynamics GP

Related Posts

  • Whether you’re looking to upgrade to the latest release of Microsoft Dynamics GP, get more information about new features, or request year-end close assistance, the resources below will connect you…

  • Need to issue a refund check in Microsoft Dynamics GP? You can cut a check directly out of payables in Microsoft Dynamics GP by using the ‘refund checks’ functionality. All you need…

  • When the weather outside gets frightful, completing your year-end payroll shouldn't be. With Microsoft Dynamics GP, closing out payroll can be completed in just a few steps. Prior to starting closing procedures,…

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Upcoming Events

september

02sep10:00 am10:30 amThe Modern Manufacturer - Cycle Count Management

02sep12:00 pm12:30 pmBest Practices for Work Order Planning and Routing for Field Service Companies

09sep10:00 am11:00 amWhat is Levridge? An Overview of the Ultimate Ag Solution

09sep12:00 pm12:30 pmOverview of Microsoft Promotion for NAV and GP Clients

10sep11:00 am12:00 pmConfab with Stoneridge - Livestream - Field Service Comparisons

16sep10:00 am10:30 amThe Modern Manufacturer - Product Lifecycle Management

16sep12:00 pm12:30 pmHow to Upgrade to Dynamics 365 Finance and Operations: Examining Custom Code and ISV Implications

16sep2:00 pm2:30 pmScheduling and Dispatching for the Modern Field Service Company

23sep12:00 pm1:00 pmDynamics 365 Business Central Wave 2 Release Preview - An Overview of the Most Exciting New Features Coming in October

24sep11:00 am12:00 pmConfab with Stoneridge - Livestream - The Modern Workplace: Teams, Sharepoint, Outlook, Office, and AI Integration

30sep10:00 am10:30 amThe Modern Manufacturer - Return Management

30sep12:00 pm12:30 pmEmpowering Your Field Service Technicians with a Mobile Solution

october

07oct12:00 pm1:00 pmThe Three Paths to Business Central from Dynamics GP

08oct11:00 am12:00 pmConfab with Stoneridge - Livestream - The Vision and Strategy of Microsoft Business Systems

14oct10:00 am10:30 amThe Modern Manufacturer - Complex Cost Modeling

14oct12:00 pm12:30 pmGenerating Custom Inspection or Process Forms

19octAll Day22Stoneridge Connect Fall 2020

22oct11:00 am12:00 pmConfab with Stoneridge - Livestream - Stoneridge Connect Recap

28oct10:00 am10:30 amThe Modern Manufacturer - Engineering Change Orders

About Stoneridge
Stoneridge Software is a unique Microsoft Gold Partner, with emphasis on partner. With specialties in Microsoft Dynamics 365, Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP and Microsoft Dynamics CRM, we focus on attracting the most knowledgeable experts in the field to our team, and prioritize delivering stellar solutions with maximum impact for your business. At Stoneridge, we are deeply committed to your results. Each engagement is met with a dedicated team, ready to provide thorough, tailored, and expert service. Based in Minnesota, we intentionally “step into your shoes,” wherever you are. We focus on what you care about, and develop trusting, long-term relationships with our clients.

Subscribe To Our Blog

Sign up to get periodic updates on the latest posts.

Thank you for subscribing!

X