Re: How do I write-off outstanding vendor invoices where the vendor has gone out of business, I need to remove them from my accounts as they are never goin to be paid?
How do I write-off outstanding vendor invoices where the vendor has gone out of business, I need to remove them from my accounts as they are never goin to be paid?
How do I write-off outstanding vendor invoices where the vendor has gone out of business, I need to remove them from my accounts as they are never goin to be paid?
do a credit memo for the vendor, enter the total amount, and use other income as the account
when debt is forgiven, or in this case not available to be paid, it is your income. There are some exceptions but they mostly deal with real estate, not normal business operations
How do I write-off outstanding vendor invoices where the vendor has gone out of business, I need to remove them from my accounts as they are never goin to be paid?
do a credit memo for the vendor, enter the total amount, and use other income as the account
when debt is forgiven, or in this case not available to be paid, it is your income. There are some exceptions but they mostly deal with real estate, not normal business operations
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