Receipting an amount previously recorded as a bad debt
This support note applies to:
- AO Practice Manager (NZ)
- AO Practice Manager (AU)
On occasion you may have an amount that has been written off as a bad debt and now the client has paid the bad debt amount.
Please read through the following two scenarios and decide which one is appropriate.
Scenario 1
In cases where an amount outstanding has been written off as a bad debt in the current period.
Scenario 2
In cases where the outstanding amount has been written off as a bad debt in a prior period and the period is closed.