Hosted QuickBooks Tip of the Week: Writing Off Unpaid Invoices in QuickBooks
Have you ever wanted to write off an old Accounts Receivable balance? Instead of issuing a credit for the invoice, you can create an item called Write Off and link it to an Income account called Write Offs. This makes it easy to track and report your Write Offs. You should not enter transactions dated in a previous tax year as you want to make sure that your totals match your tax return. Once a tax return is final these numbers can’t be changed.
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