How to Write Off Bad Debt in QuickBooks Online

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In this QuickBooks Online Advanced training tutorial video, we look at how to write off Bad Debt within the QuickBooks online platform.

We will talk you through step by step how to write off Bad debt in QuickBooks Online, using various methods, including credit memos.

Finally, we talk you through how to view different reports after applying the bad debt write-off, ensuring you are fully equipped to produce reports with all the tools available to you after adding bad debt write-offs.

NOTE: This tutorial is for QuickBooks Online users.

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[machinevideos]

For anyone coming here later, Bad Debt is an expense account. Do not categorize it as income.

[maharajan]

If we code bad debt as income the quantity of item we sell will be less than usual so we can use bad debts as a expense for proper accounting

[anaacosta]

Thank you, really good explanation. Could you pls tell me how can I write off small balances for customers in QBO?

[themeditationshaman]

Bad debt is an expense account, not income.