How to Write Off Bad Debts in QuickBooks

Devin Smith29 Dec, 2020News

Writing off bad debts is a common thing in accounting and bookkeeping. Same task is carried out in QuickBooks accounting software as well. In order to write off bad debts in QuickBooks desktop or online, there are certain steps that can be followed. Writing off bad debts is a must, as the user might face issues during the bank reconciliation and it will also assist in avoiding discrepancies and profit/loss statements. By writing off bad debts in QuickBooks, one can clear the invoices from the account receivables that assist in getting the appropriate profit amount. Considering the importance of writing off bad debts in QuickBooks, we have come up with this piece of information. Thus, keep reading further to elevate your understanding of the writing off bad debts in QuickBooks.