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How do I write off bad debt in QuickBooks?, California
Guest_joe watson_*
hozzászólás Aug 23 2023, 09:50 AM
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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