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What is write off in payables? When do we use?

Question Posted / narayana.chinni

Answer Posted / narayana.chinni

Hi,

Write off functionality can be done two ways for payables…Create a dummy bank account give write off account in cash account….now create a debit memo for the wrie off amount and pay both the invoice amount and debit memo amount….This is called zero payaments....For this you have to enable Allow zero payments check box at bank account level

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