Question

a credit memo was made in 2020 for write off uncollectable, and we received a partial payment of said amount how do I post the payment if there is no balance owed due to credit memo

Original commenter did not share additional details

Deposit the payment and use Other Income as the source account for the deposit

Thank you Rustler :)

That would work, then I wouldn't have to make any changes to their existing account or worry about it making any changes to past years. Thank you.

Sign up