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)
Step 2: Select Accounts – Settings in accounts module. (Fig-2)
Step 3: Select COA Master Option. (Fig-3)
Step 4: Select create option in Chart of Account List. (Fig-4)
Step 5: Enter the name, group, type and currency then click save button. (Fig-5)
Step 6: Bad Debts ledger will be created successfully. (Fig-6)
I hope you got an idea about how to create Bad Debt ledger in COA master.
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