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Hello there, @ME-.
Let me share some insights about writing off bad debt in QuickBooks Online. If your company employs the accrual method of accounting, you may be able to deduct bad debt.
When invoices sent through QuickBooks go unpaid, you must record them as bad debt and write them off. Your accounts receivable and net income will be up to date.
You can follow the steps below:
You can check out this article for the step-by-step process to write off bad debts: Write off bad debt in QuickBooks Online.
You can also customize a report to show the details you need.
If you still have questions or concerns about achieving a write-off in QuickBooks. I'll be here to help you. Take care and have a good one.
Hello there, @ME-.
Let me share some insights about writing off bad debt in QuickBooks Online. If your company employs the accrual method of accounting, you may be able to deduct bad debt.
When invoices sent through QuickBooks go unpaid, you must record them as bad debt and write them off. Your accounts receivable and net income will be up to date.
You can follow the steps below:
You can check out this article for the step-by-step process to write off bad debts: Write off bad debt in QuickBooks Online.
You can also customize a report to show the details you need.
If you still have questions or concerns about achieving a write-off in QuickBooks. I'll be here to help you. Take care and have a good one.
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