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March 24, 2022
Solved

Bad Debt Write off

  • March 24, 2022
  • 1 reply
  • 4 views
Hi I am using QB desktop. I have a invoice I want to write off as we are not going to receive payment for same. Can you please advise how I do this? Thanking you
    Best answer by Ashleigh1

    Hello ME,

     

    Welcome to the Community page, 

     

    So to write off bad debt in Quickbooks desktop is if you follow the steps below 

     

    1. Go to Lists > Item List

    2. Create a new Service Item called "bad debt"

    3. set the account for this item as Sales (Income account)

    4. create a credit note to the customer using the bad debt account you created in the "Item" section

    5. set the amount as the amount of the bad debt you want to write off 

    6. Go to receive payment and choose the invoice, then apply the credit

    1 reply

    Ashleigh1Answer
    Level 14
    March 24, 2022

    Hello ME,

     

    Welcome to the Community page, 

     

    So to write off bad debt in Quickbooks desktop is if you follow the steps below 

     

    1. Go to Lists > Item List

    2. Create a new Service Item called "bad debt"

    3. set the account for this item as Sales (Income account)

    4. create a credit note to the customer using the bad debt account you created in the "Item" section

    5. set the amount as the amount of the bad debt you want to write off 

    6. Go to receive payment and choose the invoice, then apply the credit