QuickBooks Tip: How to writeoff an unpaid invoice

by Lynnea Bylund on March 10, 2011 · 4 comments

Here’s a question that arises frequently during QuickBooks training: What do you do if you have an invoice that won’t be paid? And, you’ve decided to give up collection efforts?  To qualify as a bad debt it must be unable to be collected, and all reasonable efforts have been exhausted to collect the amount owed.

In today’s short video, by accounting and QuickBooks pro Rebecca Tervo, you’ll see how to “write off” an invoice using an account called Bad Debts Expense.

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{ 4 comments }

1 Getty Rose April 1, 2011 at 5:38 am

Finally, how to do the writeoff! Thank you!

2 Kenneth Breining April 16, 2011 at 2:31 pm

Finally we can write off the unpaid contacts. Needed this!

3 amma December 2, 2011 at 1:06 pm

I an hearing impaired. Please post instructions. NO MORE VIDEOS!

4 Catalyst QuickBooks Editor January 3, 2012 at 6:59 pm

Good point Amma. We are taking it under advisement.

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