Learn how to write-off an invoice as bad debt.
Go to the invoice you want to write-off and click on
To write-off the invoice as bad debt:
- Fill out the
- For the Payment Account choose the
Bad Debt Expenseaccount. If you don't have the account, learn how to create an account by viewing the article Setting Up Accounts.
- Enter the
- If it was in a foreign currency, make sure to Exchange Payment. In the example below, the home currency is CAD, so in the Exchange Payment field we chose
Yes, for CAD.
- If so desired, enter a Memo explaining the reason for non-payment.
- Click on