CASH-BASED Companies: Handling "Bad Debt"
I have a question for other companies set up with cash-based accounting, regarding how to handle old unpaid invoices. Since we cannot write off bad debt as accrual-based companies can, how do you pr...
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You have to enter a credit note that you code to Bad Debt and match to the invoice in QB. This will clear it off.
When you say "credit note" are you talking about a credit memo in Quickbooks or something in Jobber?