How do I write off an investment?

Seraf has a quick exit tool for recording write-offs found on the Investment page of each company profile. Follow these instructions to use it:

• Open the company record for the company you'd like to exit. (To do so, click on the company name from Current Investments or anywhere else in your account.)
• Go to the Investment tab within the company profile. The Investment page displays your holdings by round.
• Click the button for "Exit this Investment".
• Enter the Exit Proceeds for each round in which you have invested. In the case of a write-off, enter $0 for each round.
• Enter the Exit Date or best estimate. 
• Enter a Memo with any important notes related to the exit.
• Click Review.
• Review for accuracy and, if alright, click "Exit the Investment".

Seraf will automatically create the "exit transactions" for you. Once exited, the company should appear in the Exits & Returns section of your portfolio.

Note that you can also access the quick exit tool from Portfolio Management. Just click the exit icon in the column for Edit/Exit.

Enterprise accounts will need to Update Calculations for the group and all investors in order to see the updated records after an exit.