How to write off bad debt in QuickBooks? (Business Opportunities - Other Business Ads)
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How to write off bad debt in QuickBooks? | |
To write off bad debt in QuickBooks, start by creating an "Other Charge" item called "Bad Debt" in your Products and Services list. Then, open the customer's invoice you want to write off, add a line item using the "Bad Debt" item with a negative amount to offset the debt. Save the invoice, which reduces the accounts receivable. To account for the bad debt expense, create a journal entry debiting "Bad Debt Expense" and crediting the accounts receivable for the same amount. This process ensures accurate financial records.  | |
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2024-05-19 (0.393 sec)