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annieme
August 31, 2022
Question

Bad debt/write-offs for finance charges

  • August 31, 2022
  • 1 reply
  • 0 views

I have several customers who have not paid their invoices for some time. Finance charges were calculated each month. I know how to write off the invoice but how do I write off the finance charges that were added each month?

1 reply

S
SarahannC
August 31, 2022

Hello there, annieme.

 

It's my priority to help you record a bad debt for the finance charges calculated per month.

 

In this scenario, I highly recommend consulting your accountant for the best ways how we can record them in QuickBooks. This ensures your accounts and transactions will remain accurate. We can visit this website to search for a Pro-Advisor so you can start talking to them: Find-a-ProAdvisor website.

 

Still, we can check these articles to see and learn about the workflow and other customer-related transactions within your company file:

 

 

If you have questions about invoices and other customer transactions, please don't hesitate to utilize the Reply button. I'm always around to help you in any way that I can.

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