"I am trying to make one but it says I already have one."
Have you checked your existing Chart of Accounts?
Check:
Account Type = Current Assets
Detailed Type...
"...record a 5,000 loss (bad debt) on the invoice?"
Yes. Either bad debt or reverse the revenue account (create credit memo for $5K) if you're on a cash basis
...
"How can i add columns to an invoice template on simple start?"
Currently, you can't "Add Columns" to a Sales form template on Simple Start or any other plans ...
Unfortunately, you can't merge company data files into one QBO at this time.
You will need to choose one to keep and the other to cancel the subscription.
"How do I add the COGS to my sales by product/service summary. The column is there but it's not getting populated."
In QBO, you will need:
Plus and Advanced P...