Your receivables are up the spout - just DC them mate
Ah, I could murder our head of Accounts Receivables?
We’ve got ageing clients over 180 days for half of the portfolio and the board meeting is tomorrow. She didn’t even warn me!
Do you think they will pay?
I’ve got her on the phone now, hopefully.
Well, why don’t you just DC them?
What you mean refresh them?
Yeah, just post a journal entry for each one, in each journal entry you credit the customer and then debit the customer for the outstanding balance. Then when you print out your AR report for the meeting it will all look rosy.
Yeah –guess you are right –ok off to work!
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