Write off Bad Debts (original invoices in foreign currencies)
I need to write off some historical invoices recorded in one of my client's MYOB AccountRight online file, which were originally issued in foreign currency (USD) & converted to Aust dollars (AUD) at ...
Writing off bad debts are usually done by reversing of the original sale, and allocating the transaction to a bad debts expense account. As there is the addition of being a foreign currency transaction, you will need to deal with the difference due to the exchange rate, which you would usually put against a gains/loss account.
We recommend checking with a financial advisor on how best to record this transaction in your specific situation, but when you are ready to record it, these Help Articles have detailed information and instructions:
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