View Full Version : bad debt write off
01-22-2002, 07:58 PM
this is more general accounting, but the help section doesn't specify. when i set up an account to track a write off of a customer invoice, what type of account should it be? liability, expense, other?
01-24-2002, 09:05 AM
I basically set up an account for bad debt, and and once it was clear that I was not going to get payment, handled the accounting this way;
Go to Customers->Receive payments-> And keep the amount paid at $0.
Click next to the invoices that you want to write off (each one separately), then click discount information. A screen pops up, where you can put the whole invoice amount to bad debt.
Works for me. Let me know if it works for you.
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