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Desiree 869
Level 3

what do I do with these invoice?

Hello Team, 

 

I am holding a wholesale tire shop, and during the summertime, I had three deliveries to the same customers, the total value is 4500 dollars. But I received two post cheques and the third payment is unpaid from the beginning and the two cheques were bounced back from the bank. 

when I received the letter from the bank, and I tried to contact the owner. I got the news from their neighbour that their business owner ran away, and the business shut down. so I lost the items that I delivered, and 4500 dollars unpaid invoice still in the QuickBooks. 

 

questions,

1 what do I do with these invoices before the tax season?

2 Tires are not  breakable items, so those tires that I lost, WHAT should I do with inventory?

 

Thanks

 

Solved
Best answer December 21, 2019

Best Answers
Fiat Lux - ASIA
Level 15

what do I do with these invoice?

1 Comment 1
Fiat Lux - ASIA
Level 15

what do I do with these invoice?

You may refer to the following link to write your invoices off.

https://quickbooks.intuit.com/learn-support/en-ca/accounting/write-off-bad-debt-in-quickbooks-deskto...

 

Hope it helps.

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