How do I write off vendor bills?

To write off vendor bills, you should first create an account and then record the write off. To create an account:

• Go to Accountant on the left sidebar and select Chart of Accounts.
• Click + New Account in the top right corner of the page.
• Select Payment Clearing as the Account Type from the Account Type dropdown and enter Account Name as Purchase Write off.
• Enter the Account Code and write a short description for the account, if required.
• Click Save.

Next, you can record payment for the bill. Here’s how:

• Go to Purchases on the left sidebar and click Bills.
• Select the bill you want to write off and click Record Payment.
• Enter the necessary details.
• Click the Payment Mode dropdown and select Configure Payment Mode.
• Click + Add New.
• Enter mode as Adjustment Mode and click Save.
• Select the account as Purchase Write off in the Paid Through field .
• Click Save.

Next, to move the amount from Purchase Write off account to the desired account, you can pass a Manual Journal. Here’s how:

• Go to Accountant on the left sidebar and select Manual Journals.
• Click + New Journals.
• Select the Purchase Write Off account as the Debit Account and credit the desired account.
• Enter the Debit and Credit amount that needs to be recorded.
• Click Save and Publish.