What are the Steps to Write Off Bad Debt in QuickBooks?

Accountspro22 Mar, 2021Computer & Internet

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.

Recent Profiles

Oza Studio Architecture

Oza Studio Architecture

View Profile

Priceka.com

Priceka.com

View Profile

Exagym

Exagym

View Profile

MCG Detailing & Cleaning Services

Mcg Detailing & Cleaning Services

View Profile

Lake Oconee Limo

Lake Oconee Limo

View Profile

The Aesthetic Haus

The Aesthetic Haus

View Profile

Go99hanoi Today

Go99hanoi Today

View Profile

Claudia Schweers-Krogmann

Claudia Schweers-krogmann

View Profile