Supplier Bad Debt Relief
Just like Customer Bad Debt Relief, if you have not made payment in full on your purchase within 6 months after the invoice issuance, then you will need to adjust GST claimed on Input Tax.
But, don't fret! With NCL Accounting, the process of keeping track your supplier bad debt relief has never been easier.
To access the module, please go to G. LEDGER menu > Supplier Bad Debt Relief.
The display result can be filtered based on the following criteria: Description, and Doc Date.
To edit the record, click on the Ref. No. and you will be directed to the Entry screen. Once you're done editing, hit the Save button to commit the changes made.
On the other hand, should you wish to delete the record made, you can do so by checking on the box next to the Date. Next, click on the button to delete. To clear all the records, tick the check box located at the top-left of your screen.
You will not be able to edit/delete the supplier bad debt relief record has been recovered or within the locked period.
You are able to create new supplier bad debt by clicking on the from the Listing page.
Once you are in the Entry page, select the Date.* for the supplier bad debt. After you have selected a date, you will be able to see list of outstanding invoices.
Enter the Description* for the supplier bad debt relief.
Then, you may select the outstanding invoice to declare the bad debt relief by checking on the box next to Invoice No.