Use Case

1. Invoice goes unpaid by client

2. Invoice sent to collections

3. Collections refuses to continue recovery activity for legal reasons

4. Choice is made not to seek legal action

5. Invoice remains unpaid in the system

In my previous accounting system I could mark this invoice as a 'credit loss', meaning I understand it will never be paid and the money is indeed lost.

Is there a straightforward way to do this in Odoo? I'm sure it's because I'm new to the system. 

Thanks!