How to Write Off Bad Debts in QuickBooks?

 Looking for the process to write off bad debts in QuickBooks? The search ends here. In this post, we will be talking about the complete set of steps to write off bad debts in QuickBooks. When the amount that you were supposed to receive is failed to be paid by the customer, it becomes a bad debt. And it is very much essential to write off bad debts, so as to track the profits and the average turnover. The process to write off bad debts in QuickBooks involves a couple of steps, which we have tried to mention later in this post. Thus, make sure to read the post till the end. Or the user can get in touch with our team professionals at 1-844-405-906.

 

Steps to write off bad debts in QuickBooks

 

The user can try performing the below steps write off bad debts in QuickBooks.

·         The very first step is to create Bad Debt Account


o   This can be done by clicking the company menu and then choose chart of accounts

o   After that select account tab and hit next

o   The user should then choose expense account and click on continue

o   Once done with that click on the number text field and enter the account number

o   Choose account name field and type bad debts

o   Hit ok tab

·         The user should then record the bad debt


o   This can be done by clicking on customers menu and selecting receive payments

o   The next step is to select the customer with the bad debt from the customer list

o   The user should then choose the line item that relates to the bad debts

o   After that click on discounts tab and credits

o   Choose the amount of discount and enter the total for the bad debt

o   The user should then click on done

o   And hit save and close tab

 

At the end of this post, it is believed that the user might be able to write off the bad debts in QuickBooks successfully. But if for some reason the user isn’t able to, then getting in touch with our QuickBooks support team at 1-844-405-0906 is recommended. We are a team of technically sound professionals, who can help you with fixing the issue immediately.

Also Visit: QuickBooks Time Login | QuickBooks Error Code 1321 | windows 10 and quickbooks

Comments

Post a Comment

Popular posts from this blog

How to get an instant deposit in QuickBooks?

Do you know the procedure to get an instant deposit in QuickBooks? Well, if not then reading this post till the end will definitely brief you with one. Getting instant deposits takes certain steps. In this post, we have tried to discuss the steps to get an  instant deposit in QuickBooks . Thus, if you are interested, then make sure to read the post till the end. Or for more information, you can contact our support team at  +1-888-351-0999 , and let them perform the steps for you.   Steps to get instant deposits in QuickBooks Online Step 1:  Prepare for instant deposits In case the user hasn’t, then it is suggested to sign up for QuickBooks payments and add debit card to QuickBooks online. After that sign into the QuickBooks online software and then head to the get paid and pay option and choose deposits tab. Once done with that, the user should choose to get set up in the instant deposit banner. After that perform the onscreen prompts and verify the account. Step 2:...
Read more

Versions of QuickBooks Desktop are Supported on Windows 10

 Planning to start with Windows 10 or already upgraded to windows 10? But don’t know whether your QuickBooks software is compatible with the same or not. Often it happens that if your software is not upgraded to some compatible version, then it might face certain conflicts with the operating system. In case you need to upgrade the windows to the latest version, then you would also have to replace unsupported QuickBooks with the QB version compatible with windows 10. To know more about QuickBooks compatibility with windows 10 , make sure to read this post till the end. Or the user can also call our technical support team, and our tech personnel will ensure to provide you with immediate assistance.   Steps to check the version of windows 10 being used The user will have to perform the below steps to check the version of windows 10 being used. Let us have a look: ·          The very first step is to click on the start menu and typ...
Read more

How to Fix the QuickBooks Error 6177 0 (Cannot Use the Path)?

Image
 The QuickBooks error code 6177, 0 is seen, when the user tries to open the company file. This appears on the screen with the error message " QuickBooks is attempting to open this company file. Before you can open the company file from your computer you must first open the company file on the computer where the company file is located. (-6177, 0)" . The user might also encounter this error, if the company file is located on a server system and the user is trying to access the file locally.   The user can try to fix the QuickBooks error code 6177 issue by performing the steps discussed in below to fix the QuickBooks error 6177. Read this post till the end or call us immediately at 1-844-405-0906.   Factors causing the QuickBooks error code 6177 This error affects the payroll distribution and accounting process. The causes behind such an error can be the following: ·          If the user removed QuickBooks related syste...
Read more