Before you can amortize unrecoverable debt, you must create the register journal for the period during which the amortization is run, and calculate and approve the Accounts payable inventory actregister. The Accounts payable movementregister need not be approved.

The transactions that are created are automatically settled with the unrecoverable invoices and any advance payments that have been received, and therefore, the unrecoverable debt is settled. After the update is performed, the amortized amount is displayed in the Written offfield under the Markedfield group.

  1. Click Accounts payable> Periodic> Amortization> Trade liabilities amortization.

  2. In the Calculation datefield, enter the transaction date. You can view the details of the debts with an expired claim date.

  3. Select the Markcheck box to select the debts with an expired claim date that are to be amortized. You can view the total for the marked lines in the Totalfield under the Markedfield group.

    Note Note

    Transactions are created in the ledger per vendor and numbered in accordance with the sequence that is designated for amortizing unrecoverable debt.

  4. Click Updateto update the total amount for the records selected for amortization.

    Note Note

    To view the original transactions, click Transactionunder Vendorsto open the Vendor transactionsform.

  5. Press CTRL+S or close the form.

See Also