Yes, Burnham. If your business uses the accrual method of accounting, you can write off bad debt as a deduction. This allows you to account for uncollectible payments as an expense.
To do this, start by reviewing ageing receivables. Go to Reports > Standard reports. Open an Accounts receivable ageing detail report, then review which outstanding accounts receivable should be written off.
After that, follow step 2 to step 5 from this article: How to write off bad debt in QuickBooks Online
Once done, all uncollectible receivable appears on your Profit and Loss report under the Bad debts expense account.
I also recommend consulting your accountant before writing off any debt.
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