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.

Comments for Accounts Receivable Clean Up

Average Rating starstarstarstarstar

Click here to add your own comments

Jun 14, 2017
Aging A/R
by: Anonymous

I have had this aging A/R for a year and now the client wants to make payments. This is a good thing! The problem is, what is the best way and, how does one enter this type of transaction. I'm thinking to each invoice.

Jun 14, 2017
Aging A/R
by: Lake

I guess I really don't understand your question. If you have an accounts receivable on your account that is a year past due, why wouldn't you to your Customers / Receivables accounting module and just record a customer payment against the invoice?

Make this entry would clear and/or reduce the receivable.

Click here to add your own comments

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

Share this page:
Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.

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

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

Your Learning Curve!


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

Click on image above to read the chat.

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