Accounts Receivable Clean Up

by Debbie

An accounts receivable has been sitting now for 1 year. I want to write it off as a bad debt.

How do I get it out of the accounts receivable and put into bad debt?


image of fancy scroll lines

Hi Debbie,

There are two ways to book bad debt ... on a GAAP basis and on a tax basis. You will need to determine which method your set of books uses.

Take a look at my article on Common Bookkeeping Entries. It includes the bookkeeping entries to record a write-off of a bad debt on a GAAP basis.

At the very end of the section, you will see a link on how to book your entry in QuickBooks. But don't go directly there and just book your entry. Take the time to read and follow all the links on bad debt so you get a better understanding of what you are doing. It will help you learn how to think your way through a bookkeeping entry.

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Learning QuickBooks.

Enjoy A Tea Break With
Me Today. Let's Chat!

Use the search feature to quickly find the
information you're looking for.

Like this page? Please let Google
know by clicking the +1 button.

 Keep Your  eDocuments Safe And Secure… $7 USD
Version 2 now out
Bigger and Better

Your Learning Curve!

Buy Now

Warm up your tea cup and check out these chats ...

Click on image above to read the chat.

Purchasing These Products Through My Links Helps To Support This Site

Click on image above for my review.

Join Me On Facebook

Help support this site by "liking" me! Here's where I post current information.

Listed Under Websites NOT Local Business.
This website is not associated with the business operating in Bonnyville AB.

A Handy Reference

Buy Now