Whenever the user sends invoices in QuickBooks desktop become uncollectible, the user might have to record them as a bad debt and then write them off. This way, the user can ensure that the accounts receivables and net income are updated. In case the user is making use of QuickBooks online, then this post would be of some help.
Reading this post ahead, would brief you with the process
to write off bad debts in QuickBooks. Thus, make sure to continue reading
or make a call to our accounting professionals at 1-844-405-0906. Our team will
ensure to provide you with immediate technical assistance.
Steps to write off bad
debts in QuickBooks online
The user can write off bad debts in QuickBooks online
as follows:
Step 1: Adding an expense account to track the bad debt
·
This can be done by moving to the lists menu and
then opting for chart
of accounts
·
After that, clicking on account menu and
then picking new tab
·
The next step is to choose expense tab
and hit continue
·
Followed by entering an account name
·
And lastly, selecting save and close
Step 2: Closing out the unpaid invoices
·
In this step, the user is supposed to move to
the customers menu and then choose receive payments
·
After that, the user should enter the name of
the customer in the received from field
·
Followed by, entering $0.00 for payment amount
·
The next step is to choose discounts and
credits
·
And in the amount of discount field, the user
needs to enter the amount you would like to write off
·
Moving ahead, the user is supposed to choose the
account added in step 1 for discount account
·
And then select done
·
The last step is to select save and close
By the end of this post, we expect you to be well-versed
with the steps to write off bad debts in QuickBooks. Whereas, if you
need any sort of technical assistance or if you want our team to answer any of
your queries, then do not think much in dialing our QuickBooks support toll-free
number i.e. 1-844-405-0906.
We are a team of technically sound accounting professionals,
who work round the clock to provide immediate technical assistance. Thus, do
not hesitate in calling us anytime.
Also Read:
Great Job, your blog is very knowledgeable for us and love to see more of your posts in the near future.
ReplyDeleteWe offer instant solutions for any glitches occurring while utilizing the QuickBooks Software. Contact us at QuickBooks customer support phone number+1-800-496-0147.Our experts will assist you instantly.
quickbooks desktop support phone number