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Old 02-23-2008, 02:07 PM
Susanna Susanna is offline
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Join Date: Aug 2007
Location: USA
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writing off an unpaid invoice?

I have an open invoice that I am sure the customer will never pay. Can I some how enter it as being "stiffed" by the customer and write off on my taxes?
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Old 02-24-2008, 06:20 AM
Joe Williams Joe Williams is offline
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Create a new expense account "Bad Debt" and then use the Receive Payment for that customer and discount the open invoice amount using that account.
Joe Williams
Piedmont, Ok
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Old 02-25-2008, 04:07 AM
risrik risrik is offline
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This was very helpful! I have had a couple of invoices sitting for a long time that would never be paid from this one customer. Just to make sure I did it correctly, after doing the above, an entry for the customer comes up as 'Discount' in a negative amount and the customer's balance is now zero. The Customer Payment window for that customer will still have the invoice(s) listed but not checked (because they weren't paid for) but with a balance of $0.00.

Thanks for your help!

Last edited by risrik; 02-25-2008 at 05:21 AM.
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Old 02-27-2008, 10:12 AM
jetski jetski is offline
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Is this the same for Cash Basis?
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Old 03-02-2008, 08:42 PM
ee99ee ee99ee is offline
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Originally Posted by jetski View Post
Is this the same for Cash Basis?
No. Cash basis doesn't record transactions until they are received, so you don't have bad debt.

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