EZLynx Accounting: Recording Write-Offs
Modified on: Thu, 4 Apr, 2019 at 3:00 PM
It’s important to create write-offs in the Accounting System to clear open AR or AP balances that won’t be collected or paid by the agency. If a customer pays less than their invoice total and the agency won’t collect the remaining amount – create an AR write off to clear the balance in the books. Create an AP write-off, if your agency owes a carrier, producer or customer, but pays less than the total amount due. The write off clears the AP balance.
Create a Write-Off for an Open Invoice
- Hover over the Accounting icon and select Receivables for AR or Payables for AP.
- Click the Write-Offs tab, then Add Write-Off at upper right.
- At Payer/Payee, select the customer and leave Date set to current date.
- Click Save.
- At the write-off line, click Actions on the right, then Select Line Items.
- Search for the invoice by number.
- Select all invoice line items.
- Click Add, then Next.
- At each line item, enter the balance amount as the Write-off Amount.
- Click Save.
- Leave the Status as Submitted.
- The write-off will transfer to QuickBooks during the next GL export from EZLynx
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