Hi, For quite some time I've been handling bad debts by receiving cash into a Bad Debts expense account. This works fine for accrual based reporting, but we still use cash reporting for the IRS, and doing cash flow projections.
And now I'm finding that when I write off bad debt using this approach, I have bad debt showing up as an expense on a cash-based PNL report (using 1.4). My CPA is not happy with this! So, couple questions. 1. Is there a different technique I should use to write off bad debt? 2. If not, is there a way to classify the bad debt account so that it is not listed on a cash-based PNL? Cheers, John Locke http://www.freelock.com ------------------------------------------------------------------------------ Managing the Performance of Cloud-Based Applications Take advantage of what the Cloud has to offer - Avoid Common Pitfalls. Read the Whitepaper. http://pubads.g.doubleclick.net/gampad/clk?id=121051231&iu=/4140/ostg.clktrk _______________________________________________ Ledger-smb-users mailing list Ledger-smb-users@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
