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Status Answered
Created by AgExpert Support
Created on Jan 4, 2019

Disqus Agexpert Accounting Questions Archive

How to enter a write off of an noncollectable Receivable.

  • ADMIN RESPONSE
    Feb 10, 2025

    Hey Jim, you'll need to create an Expense account called Bad Debt Expense if you don't already have one. Then enter a Deposit transaction for zero dollars against the customer, complete your RP line as you would normally to mark the outstanding invoice as paid and then do a second line as EX to Bad Debt Expense. That will give you a balanced transaction you can record.

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