How to Write Off Bad Debt in QuickBooks?

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• How to Write Off Bad Debt in QuickBooks?
• Sometimes, a user of QuickBooks accounting
  software may find that an invoice has become
  non-collectible. In such cases, he or she may
  declare it as bad debt. Now, this QB user needs
  to write off bad debt in QuickBooks. This will
  help the user to clear the non-collectible
  invoice from the accounts receivable and decrease
  by this amount the net profit.
• Steps showing how to write off bad debt in
  QuickBooks
• If you are looking for how to write off bad debt
  in QuickBooks, this article can provide you the
  required steps. Before you proceed with the
  QuickBooks write off bad debt procedure, you
  have to verify that your A/R Aging Detail report
  is not incorrect. For checking A/R Aging Detail
  report, firstly, you have to go to the Reports.
  Then, you have to go to Customers Receivables.
  Under this, choose A/R Aging Detail.
• Follow these steps to write off bad debt in
  QuickBooks
• Create a bad debt account
• First of all, go to the Lists menu in QB menu bar
  and click on it.
• Choose Chart of Accounts from the submenu items.
• You will see that Chart of Accounts window get
  opened.
• Now, do a right-click anywhere in the window.
• From the list that appears on right-clicking,
  select New.
• Add New Account window will get opened.
• Look for the Expense radio button and click on
  it.
• Click on the Continue button.
• Now, you have to put the account number.
• Type the word Bad Debt in the Account Name field.
• Finally, click on the save button and then on the
  Close button.
• Record bad debt after bad debt account creation
• Go to the Customers menu.

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• Among the items in the drop-down list, select the
  bad debt expense account that you have already
  created above.
• After this, click on the Done button.
• Finally, to record payment, click Save Close.
• If you are looking for How to write off bad debt
  or if you are facing problems while trying to
  write off bad debt in QuickBooks, you can contact
  certified QuickBooks experts at Accountant Squad
  by calling their Toll Free QuickBooks Error Tech
  Support 1-888-502-0363. They provide 24 by 7
  QuickBooks technical support.
• Reference URL - https//blogjohnluther.tumblr.com/
  post/185859591704/how-to- write-off-bad-debt-in-q
  uickbooks