Prompt: C - Trade debtors cannot be negative
Description:
When updating Accounts Receivable or Trade Debtors data, please note that the field cannot have a negative value. This requirement is mandatory for ATO compliance and cannot be bypassed.
Steps to Update the Data
1. Update via Excel
Open your existing export file in Excel.
Make the necessary updates or adjustments to your data.
Ensure that the Trade Debtors (Accounts Receivable) field is zero or positive.
If the field shows a negative amount, add a new item or adjust entries to make it zero or positive.
2. Re-Import the File
Once the corrections are complete, save your Excel file.
Go back to the system and re-import the updated file.
The new import will automatically replace the old data.
Important Notes
Trade Debtors (Accounts Receivable) represent the total amounts that are outstanding and yet to be collected from customers.
Negative values are not valid and will result in import errors.
Always double-check the total amounts before re-importing to ensure accuracy and compliance.
Alternative Option
If you do not wish to import that data:
Go to the Accounts page.
Add the tag "Do not import to tax return"
