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December 15, 2021
Question

How do I Write off Supplier Invoices?

  • December 15, 2021
  • 1 reply
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I have a Supplier Debt that has been written off by the Supplier, how do I enter this in the Chart of Accounts?

1 reply

December 15, 2021

Hello there, @susan-hey

 

Thank you for posting here in the Community. Let me help you in writing off the balances of your invoices in QuickBooks. 

 

You can write off the supplier balance using the journal entry, and I'll show you the step-by-step instructions.

 

If this is an overpayment for the supplier, here's how:

 

  1. Go to Company > Make General Journal Entries.
  2. In the Make General Journal Entries window, change the date and fill in the Entry number if necessary.
  3. Select Accounts Payable from the Account drop-down menu.
  4. Enter the amount in the Credit column.
  5. Select the supplier's name from the Name drop-down list.
  6. In the next line, select the offset account and enter the amount in the Debit column.
  7. Hit Save & Close.

For suppliers with underpayment, follow the same steps above but in the first line, enter the amount in the Debit column. Then, select the offset account and enter the amount under the Credit column.

 

You can also read this article for the other options: Write off customer and supplier balances.

 

Please feel free to add a comment below if you have any additional questions or other concerns with QuickBooks. I'd be glad to help you out again. Thanks.