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Hello there, we are in IFS Cloud. We are using the "Bad Debt Management" screen to "Transfer Bad Debt". The voucher created behind the scenes is;
Dr PP15 Bad Debt Expense
Cr IP2 Trade AR

However, we are looking for a bad debt provision function in IFS. The voucher we are expecting is:
Dr Bad Debt Expense
Cr Allowance For Uncollectible Accounts (Asset Acct)
Once confirm the uncollectible payment from the Customer:
Dr Allowance For Uncollectible Accounts (Asset Acct)
Cr Trade AR

Is there a bad debt provision function in IFS that will trigger the JE as above? Thank you!

Hi

When you make the Transfer to Bad Debt, choose a Bad Debt Level with a Provision amount greater than zero. 

Then you will also get the postings you expect: PP74 Dr to P&L and PP73 Cr to Balance Sheet.

Hello

Provision of the bad debt level you are using must be 0 if you have only IP2 / PP15. Create a new bad debt level with provision percent, lets say 100.  In this case you will get the transactions you wish.

 

 

Hope this helps

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