Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
How can I write off a loan we have received that has been written off? We received some funds years ago when starting the company as a loan, and the person who loaned us the funds has offered to write it off.
We used Notes payable to track the amount owed as a non-current liability. Would it make sense to create a new account under Other miscellaneous income and a journal entry to record the loan write off as "other income"?
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.