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Hi bookkeeper
Recipient created invoicing is currently unavailable in QBO. As of now, you'll have to create a separate invoice showing the original cost.
Then, create a bill for the expenses deducted and to be able to send a remittance advice.
The total paid showing on the remittance advice includes details of the bill being paid but does not include the credits in detail or take them into account in the total.
To create an invoice:
To create a remittance advice:
Hope this helps.
Hi bookkeeper
Recipient created invoicing is currently unavailable in QBO. As of now, you'll have to create a separate invoice showing the original cost.
Then, create a bill for the expenses deducted and to be able to send a remittance advice.
The total paid showing on the remittance advice includes details of the bill being paid but does not include the credits in detail or take them into account in the total.
To create an invoice:
To create a remittance advice:
Hope this helps.
How are you meant to reconcile this invoice that has been sent if the amount will never be received?
Hello there, ChrisD55.
You can create an Expense account named Bad Debts. Create a service item called bad debt and link it to the Bad Debts Expense account.
Create a credit memo for the customer and use the bad debt item. Then apply the Credit Memo to the outstanding invoice.
To create an Expense account named Bad Debt:
You can check this article for the detailed steps and guide on how to write off bad debts.
Don't hesitate to reach out to me if you need more help.