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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