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Record a bad debt and classify the transaction in QuickBooks for Mac

Normally, bad debts are recorded in the Receive Payments window. Because payments cannot be classified, the invoice is assigned to a class when the transaction is originally entered.

Detailed instructions

If a class was not assigned:

  1. From the Lists menu, click Customer:Jobs.
  2. HIghlight the customer and from the Actions drop-down, choose QuickReport.
  3. In the Customer QuickReport, double click the invoice that needs editing.
  4. In the Invoice screen, enter the correct class.
  5. Click OK.

To record a bad debt:

  1. From the Customers menu, click Receive Payments.
  2. From the Customer:Job drop-down, select the customer.
  3. In the Outstanding Invoices/Statement Charges section, select the appropriate transaction.
  4. Click the Discount Info button.
  5. In the Discount Account field, from the drop-down, choose the account where you track discounts .

    Note: If you are not sure which account to use for bad debts, please consult an accounting professional.

  6. Click OK
  7. Click Save.

 

KB ID# HOW12134
12/5/2016 12:35:37 PM
QYPPRDQBKSWS03 9138 Pro 2017 48f87b