What is Total Write Off metric in RevenueStory?

Modified on: Thu, 2 Sep, 2021 at 1:56 PM

The total value of all credit notes written off during a specific period.
Explanation of metric

The total value of credit notes with Reason Code as Write Off. In Chargebee to write off an invoice involves issuing a credit note against the invoice and marking the reason code as Write Off. Upon doing the same the write-off amount is updated against the relevant invoice.

How it's measured

Total Write Off = Total value of Credit Notes generated with reason code WRITE_OFF and status not as VOIDED.


Reading

Down: Good


Interpretation


It is the same as bad debts in sole proprietorship businesses and other businesses. It takes place on the debit side of the income and expenditure account. If the written-off amount is recovered then it will show up on the credit side.

The metric gives the total value of credit notes with reason code as a write-off. In Chargebee, to write off an invoice involves issuing a credit note against the invoice and marking the reason code as Write Off. Upon doing the same, the write-off amount is updated against the relevant invoice.

Click here to know about other metrics.


M
Monica is the author of this solution article.

Did you find it helpful? Yes No

Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.
×