The Writeoff report provides you with details on any writeoff activity that occurred in a particular Accounting Period. Writeoffs are created when the user determines that the current balance in a specific Guardian Account is "uncollectible". At that time the user can press the "Writeoff" button on the Guardian Folder / Payment Account Tab. This causes the outstanding balance in the account to be moved to the special subledger account called BADDEBT. The Writeoff Analysis report reports on activity in this account.
This report is vital to you for year-end analysis and for tax purposes when determining your businesses total tax deductible expenses.
Accessed from:
1) Central Report Manager
Sort Order options:
1) Guardian Name
2) Accounting Period
Selection Criteria:
1) Fiscal Year and Accounting Period
Sample Report:
Writeoff activity for Accounting Period 2 in Fiscal Year 1999. The report
shows four writeoffs occurred in this period totaling $339.00