How do I write off bad debt in QuickBooks?, California |
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How do I write off bad debt in QuickBooks?, California |
Guest_joe watson_* |
Aug 23 2023, 09:50 AM
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Guests |
A: [url=https://www.quickbooksupportnet.com/write-off-bad-debt-in-quickbooks/QuickBooks write off bad debt[/url]
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. |
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Szöveges verzió | A pontos idő: 9th October 2024 - 05:10 AM |