Billing Options: Write Off Reasons
Navigation | Add A Write Off Reason
Menu > Admin > System Setup > Time and Billing > Write Off Reasons
When closing out transactions on a project, you have several Form Actions to choose from: Bill Selected Items, Mark as Billed or Write Them Off (to name just a few). When you write off the transaction in the billing worksheet, it does not have a direct impact on the general ledger unless you are tracking work in progress in the ledger. When you write off the transaction in the billing worksheet, the post to work in progress will credit the labor write-off account. You can use write off reasons to categorize why transactions are written off.
NOTE: Performing a Write Off on a Transaction will not prevent you from closing the project.
Add A Write Off Reason
- Click to add a new write off reason.
- In the Reason text box, enter a descriptive name for this write off a reason.
- In the Description text box, you can enter the longer description of this write-off reason.
- Uncheck the Active check box if you do not want this write-off reason used in the future.
- Click the Save button.