Question

Hello can someone give me the STEPS to perform this action on Quickbooks 2015? Or Quickbooks in general? 13. Write off bad debt

Answer 1

Followings are the common steps to wite off bad debt;

Step-1;

·       Click on reports menu then you will find list of customers or receivable from drop down.

·       Select customer or receivable you want to deal with.

·       Then click on open invoice report, it will show you list of all invoices you have.

·       Select the customer or receivable you want to write off.

Step-2;

·       Click on customer menu or customer center.

·       After that you will see Create Credit Memos & Refunds option, so click on it.

·       When you click on Create Credit Memos & Refunds then a credit memo window will be opened.

·       After that you need to enter name of customer and date you want to write off;

·       Next choose bad debt item if you have otherwise create new on clicking add new

·       In description box you can write some details about bad debts write off

Now click on save & close or save & continue.