COA master-1

What is a Bad Debt?

A bad debt is a receivable that is now irrecoverable from that person who was supposed to pay the same. The reasons for non-payment by the debtors is that either they go bankrupt, have financial problems or collection by the creditors due to various reasons is not possible.

Here you are going to learn about the steps to create Bad Debt ledger in COA master.
Step 1: Login with Fresa Gold and select the Accounts module. (Fig-1)

 ledger in COA master

Fig.1

Step 2: Select Accounts – Settings in accounts module. (Fig-2)

 ledger in COA master

Fig.2

Step 3: Select COA Master Option. (Fig-3)

 ledger in COA master

Fig.3

Step 4: Select create option in Chart of Account List. (Fig-4)

 ledger in COA master

Fig.4

Step 5: Enter the name, group, type and currency then click save button. (Fig-5)

 ledger in COA master

Fig.5

Step 6: Bad Debts ledger will be created successfully. (Fig-6)

 ledger in COA master

Fig.6

I hope you got an idea about how to create Bad Debt ledger in COA master.

For further clarification, send your queries to Support@fresatechnologies.com because our motto is to help customers.

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