Back to List
Write off bad debts in QuickBooks Desktop and Online
Bad debt means a customer owes you money but you can't collect it. They have a debt with you, but you know you aren't going to get paid. If your business uses accrual method accounting, you can sometimes write off bad debt in QuickBooks as a deduction. When invoices you send in QuickBooks become uncollectible, you need to record them as a bad debt and write them off.
© APSense LTD. All-in-One Business Hub. All Rights Reserved. This forum service is provided by APSense.com
Comments
How it works: