The Write-Off feature is a powerful tool that allows you to account for business expenses directly against your revenue making it easier to manage your books and keep your accounts clean.
In X-1FBO, you may notice that some invoices show an A/R balance on your main Holding Account screen. When an A/R balance exists, those invoices remain open. One effective solution is to apply a write-off, helping you clear the balance and maintain accurate financial records.
Below are the quick and simple steps to create a write-off in Accounts Receivable:
Go to Accounting > Accounts Receivable
Locate and select the account that requires the write-off
If there is an A/R balance that needs to be adjusted
Click the Action button
Select Write-Off from the dropdown
In the Note section, enter a reason for the write-off (optional but recommended)
Click Save to complete the process
Need Help?
Still have questions? Contact the X-1 Support Team anytime — we’re happy to assist you 😃 ! (Click on images to enlarge)