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BP465
January 26, 2024
Question

Writing off a balance on an old invoice.

  • January 26, 2024
  • 1 reply
  • 0 views

Hi,

I use QB Online for a small home owners association and know very little.  A homeowner overpaid in 2022 when I inherited this position, so I told them to underpay an invoice in 2023.  Now this underpaid invoice is messing up my accounting.  I'd like to write it off to the associated expense account before I close the books for 2023. It's also a small amount.

How do I do this?  Can I use a journal entry?   It's not a bad debt, so I don't want to create a bad debt account.

Thanks for your help.

1 reply

R
RogelioL
January 26, 2024

I hope you're doing great, BP465.

 

As per checking, I have seen a duplicate post that my colleague has recently answered.

 

You can refer to this article to check out my colleague's response: Solved: Re: There are a couple of ways to write off bad debt (if you... - Page 3 (intuit.com)

 

Feel free to come again if you have more future queries about invoices or any QuickBooks-related concerns. It's always our pleasure to help you. Stay safe.

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