Client in Administration

[agnihr]

HI,
I have a Supplier who has gone into Administration in Dec 23. Can someone advise how I would process that in Quickfile (factoring VAT reclaim as well) ?

Thanks
R.

[QFSteve]

Hello @agnihr

It would depend on the transactions on their account.

Is there any outstanding invoices?

Please be aware the support team are not registered accountants and it may be best to seek advice from your accountant.

[agnihr]

Hi Steve,
There are no outstanding invoices and full payment was made.

Thanks

[QFSteve]

Hello @agnihr

Can I just clarify, you mention supplier in his post, but mentioned client in the title?

The below link is a similar query relating to clients

Bad Debt - Client in Administration

Hi there I have been reading the posts about writing off bad debt, and have found the option that appears on invoices that haven’t been paid within six months. However, we have unfortunately had a client that has gone into administration and have been informed by the administrators that we will not be receiving any of the monies owed. As such, we need to write off a number of invoices that are less than six months old. This needs to be done before the end of the month otherwise the VAT will pa…