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Jim2® Business Engine Help File

From time to time your debtor accounts may end up with small rounding balances of just a few cents (either owing or in credit), and you just want to clean these up.

 

For example, if a debtor owes you one cent ($ 0.01), you can use the Discount function to clear this.

1.Select the Debtor record and click Edit.

2.From the drop-down options in the Type field, select Discount.

Discount

3.Enter the amount (in this case, .01) in the Discount field of the line where the Balance Due is 0.01.

enter discount amount

4.Press Enter to record the discount. The Paid Now field will show 0.01 and the Balance Due should be 0.00.

paid now discount

5.Click Save & Close.

 

If the small discrepancy is a credit amount, eg. -0.01, then there is a two-step process to clear this, which is explained in detail here.

 

Tip

You will see some letters underlined in the field names within the header, eg. Type. Using Alt+ the underlined letter will jump you to the field beside that heading.

 

Further information:

Debtors Adjustments Up and Down

Clearing Small Debtor Credit Balances

Move Unknown Payments to Correct Customer