joetechconsultant
Anmeldungsdatum: 23.08.2023
Beiträge: 1
|
 Verfasst am: 23. Aug 2023 10:51 Titel: How do I write off bad debt in QuickBooks? |
 |
|
A: QuickBooks write off bad debt involves recording the uncollectible amount as an expense. Here's how:
Step 1: Create an "Allowance for Bad Debt" account if you haven't already.
Step 2: Open the Customer Center and locate the customer with the bad debt.
Step 3: Create a credit memo for the uncollectible amount:
Go to "Customers" > "Create Credit Memos/Refunds."
Choose the customer and enter the uncollectible amount as a negative value.
Use the "Allowance for Bad Debt" account as the item.
Step 4: Apply the credit memo:
In the "Receive Payments" window, select the customer and click "Discounts & Credits."
Apply the credit memo you created.
Step 5: Record the bad debt expense:
Go to "Banking" > "Make Deposits."
In the "Received From" column, choose the customer.
In the "From Account" column, select the "Allowance for Bad Debt" account.
Enter the uncollectible amount.
Step 6: If the debt is eventually recovered:
Receive the payment as usual.
Deposit it to the "Allowance for Bad Debt" account |
|
Registrieren
Login
FAQ
Suchen
