June 26, 2019 by John Luther
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Sometimes, a user of QuickBooks accounting software may find that an invoice has become non-collectible. In such cases, he or she may declare it as bad debt. Now, this QB user needs to write off bad debt in QuickBooks. This will help the user to clear the non-collectible invoice from the accounts receivable and decrease by this amount the net profit.
Steps showing how to write off bad debt in QuickBooks
If you are looking for how to write off bad debt in QuickBooks, this article can provide you the required steps. Before you proceedwith the QuickBooks write off bad debt procedure, you have to verify that your A/R Aging Detail report is not incorrect. For checking A/R Aging Detail report, firstly, you have to go to the Reports. Then, you have to go to Customers & Receivables. Under this, choose A/R Aging Detail.
Follow these steps to write off bad debt in QuickBooks –
Create a bad debt account
• First of all, go to the Lists menu in QB menu bar and click on it.
Record bad debt after bad debt account creation
• Go to the Customers menu.
If you are looking for how to write off an invoice in quickbooks or if you are facing problems while trying to write off bad debt in QuickBooks, you can contact certified QuickBooks experts at Accountant Squad by calling their toll-free QuickBooks Error Tech Support Number 1-888-502-0363. They provide 24 by 7 QuickBooks technical support.