How to make QuickBooks Off Bad-Debts Report

Bad Debts in QuickBooks Software is a common problem. When a customer does not pay the loan for your company, the original invoice is not unpaid. Bad credit makes it difficult to resolve your accounts and run accurate reports. Before recording bad credit, you should create an account for the purpose of tracking such transactions.

But before you move further writing of the bad debts please make sure your Account Receivable Aging Detail report is correct. To check it, go to Reports> Customers and Receivables> A/R Aging details.

Steps to Writing Off Bad-Debts

If you have a bad debt account already, the procedure is quite quick. But if you don’t have a bad debt account set up you must follow this procedure

Click on the Gear icon and select chart of accounts.
Select new.

Now chose expense in account type and bad debt at the place of account name and bad debts at detail types.

Recording the Bad-Debts

For complete information please read How to Write off Bad Debt in QuickBooks. If You have further any issue related to the information and product of QuickBooks so you feel free and contact us1800-469-4817

Note- If Bad Debt was received in the form of cheque bounce, don’t forget to account for the bounced cheque.

Conclusion- This blog was all about writing off bad debts in QB software. In the accounting world, invoices turning into bad debts are a common phenomenon but making entries after considering them bad debts is way too complex.

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