Doubtful Debtors

Note! This guide is developed for the MKG004 software. If you are using MKG5 or MKG3, the description of the operation may differ slightly from your environment. We aim to provide a product-specific description for this topic in the future.

Step 1

Create the general ledger accounts 'Doubtful Debtors' (e.g., 1302) and 'Provision for Doubtful Debtors Costs' (e.g., 9700). Preferably block both accounts for manual entries. Enter these general ledger accounts in the Debtor Groups Maintenance module:

Step 2

Create the 'Provision' journal in the Journal Maintenance module (e.g., journal 25):

Step 3

Enter the created journal number in the administration settings under: Journals Provision:

Step 4

In the 'Open Debtor Items' screen, there is the option to make a (full or partial) provision on an open item:

Step 5

Select the relevant open item. After clicking the 'Provision' option, the intermediate screen 'Doubtful Provision' will appear. Here, the amount to be provided can be entered or modified. The provision amount will be displayed in the 'Open Debtor Items' screen after clicking OK. A provision can also be undone in a similar manner.

Add the fields 'Doubtful Provision' and 'Provision Amount' via 'Browser Properties' in the 'Open Debtor Items' screen.

Financial: index

Related

• Journals
• General Ledger Account Management
• Debtor Groups: Process Table