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Hope I find you well guys.how do we record provision for doubtful debts on Pastel I am seeing here you can not have a sub account on the customer control account
Thank you
Create a GL expense account eg 3050000 Bad Debts. Create a GL Current Liability account eg 9400000 Provision for bad debts.
Debit the bad debts expense and credit the provision. There is no implication on the customer account or the VAT, until you write the debt off. At that point, credit the customer and debit the provision, using the tax type for bad debts so the entry reflects on your vat report.
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