As it so happens from time to time, you struck a deal with a client and poured your heart into working for him. However, for some reason, they are refusing to pay you, whether it be due to lack of funds or a disagreement about the project. Still, you will have to learn how to write it off as a bad debt in QuickBooks Online to keep a track of it. This blog aims to teach you how to do just that.
When one of your promised invoices becomes a non-collectible in an unforeseen fashion, it becomes important to declare it as a bad debt to bring your books back to balance.
Follow the below steps and you should be able to write off your bad debts very easily.
This is the first thing you need to address before writing off bad debts in QuickBooks Online. Carefully review your Accounts Receivable Aging Detail Report. Here’s how you find it:
You will need to create an expense account.
Start off the process with this:
That was our step by step guide on how to write off bad debts in QuickBooks Online. If you were unable to follow any of the steps or found something too complex, you are welcome to contact at QuickBooks Online Error Support Number 1.888.502.0363.