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 > ...
Assigning Access Levels to chart of accounts
After you have configured permissions for Access Levels in the Groups & Permissions tab, you can then assign Access Levels to your accounts in your Chart of Accounts window. There are two ways to assign Access Levels to a chart of accounts: To a ...
How do I update the opening balances after posting in the previous year?
After the end of year run, SFM provides the option to authorised users to keep on posting into the Previous Year for the next 12 months. When users post in the previous year, SFM will trap this and makes available a function, 'Update Opening ...
ZK Small Business Documentation
Adding a new Company Go to Companies and select Company management. Click on the + sign. Enter 'Code'. Under 'Description', type in the company name. Click on Accept. Creating a department Go to Settings and select Department management. Click on the ...
Access Levels in SFM: an overview
Access Levels are security and permission configurations that allow you to choose to which accounts various users of your SFM system have access. This enhancement to SFM helps you control to which accounts users can post and for which accounts they ...