Option 1 Create an opposite negative transaction
For property managers, or if the rent is a liability
Step 1: Create Transaction Go to Tenancies > Statement > Add Transaction > use 'rent charge' (negative number)
Step 2: Allocate Bad Debt Locate the transaction on the statement and then allocate it to the relevant outstanding debt.
Option 2 Create an analysis code for bad debts
For self managing landlords, or if the rent is revenue.
Step 1: Create an Analysis Code. To understand this see understanding analysis code Go to Preferences > Analysis Codes > Add Analysis Code
Step 2: Create Transaction Go to Tenancies > Statement > Add Transaction
Once added it will appear as a negative transaction
Step 3: Allocate Bad Debt This will remove the outstanding as being overdue.
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