How to...
You can write off bad debt by using various processes.
Related Topics:
- Write Off Bad Debt Using a Negative Invoice
You can write off a bad debt by entering and posting a negative invoice for the amount of the write-off. This method is typically considered an invoice adjustment as opposed to a bad debt write-off. - Write Off Bad Debt Using Cash Receipts and a Bad Debt Direct Expense
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You can write off a bad debt using a cash receipt to charge the amount to a Bad Debt Direct Expense account. - Write Off Bad Debt Using Cash Receipts and an Indirect Expense
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You can write off a bad debt by using a cash receipt to charge the amount to a Bad Debt indirect Expense account. - Write Off Bad Debt by Making an Allowance for a Bad Debt
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You can account for bad debts by regularly making an allowance for bad debt.
Parent Topic: Writing Off Bad Debt on Outstanding Invoices