Best Tutorial for Writing Off Bad Debt In QuickBooks

1. At first, you need to click on the Lists menu and select the Chart of Accounts option.
2. Then, go to the Account menu and click New.
3. Now, choose Expense as the account type and then click Continue.
4. In the Account Name bar, type a name that you want to give to your account. For example - Bad Debt.
5. After following the steps mentioned above, click the Save and Close button to finish the creation process of your bad debt expense account.

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Step 2: Write off uncollectible invoices in your QuickBooks Desktop

1. You need to open the Customers menu and choose the Receive Payments option from the drop-down list.
2. In the Received from column, type the debtor’s name.
3. Now, Enter $0.00 in the Payment amount column.
4. Go to Discount and Credits and fill the amount of money you want to write off in the Amount of Discount column.
5. For Discount Account, choose the bad debt expense account you have created in step 1 and click Done.
6. At last, click the Save and Close button to finish writing off bad debt and close the transaction window.

Conclusion: