How do you write off accounts that show small balances?
The only way to write off accounts with small balances is to post and make an adjustment of the difference on the Client/Supplier and allocate them accordingly.
The recommended account to use for these adjustments is the Write-Off account.
Related Articles
How do I print nominal transactions across different financial years?
As from SFM Version 2.0.8.56, a user can print nominal transactions across different financial years. The report to achieve this is called Transactions for All Accounts. and it is found in Current Year > Nominal > Chart of Accounts Reports > ...
How to print a Trial Balance Report in SFM
To create a Trial Balance report in SFM: Go to Current Year or Previous Year > Nominal > Chart of Accounts Reports > Trial Balance Reports, and click on the report type required. Once you have chosen your desired report type, a printer window will ...
ZKTime Small Business
Creating a New Employee Go to Staff management and select Staff. Click on the Data tab and enter the following details: Code: employee code or punch number. Important: leading 0s are generated automatically by ZKTime Small Business, but not used in ...
Posting Sales Write Offs
When applying payments to invoices, you can include a small write-off to ensure the entire payment is allocated even if there are slight rounding differences or remaining cents. Write Off during a Sales Receipt Allocation Here are the steps how to ...
SFM: How to Upload Your Own Chart of Accounts
The SFM Chart of Accounts can be managed and updated using Excel functionality. To ensure a smooth upload, please use the provided SFM Format. Attached find the Standard Chart of Accounts: Includes a blank template, documentation, and a simplified ...