QuickBooks Online Write Offs Uncollectable Accounts, Customers, Balances And Invoices

In this QuickBooks Online learning video, you will you will see how ACCOUNTANTS write off uncollectable invoices from former customers who cannot pay, or you have determined that these default accounts have gone bankrupt or bust. Accountant’s usually make journal entries to adjust for these things. An example invoice write off and removing o customer’s balance is shown in this training tutorial video. This QuickBooks online lesson also includes an example of the “write off invoices” tool that is part of the accountant’s toolbox. You can use this tool if you are logged in as the accountant user or you are using the QuickBooks online accountant edition. The accountant usually makes the judgement about when and how to record bad debt expense. However, now that small business owners are doing their own bookkeeping, it’s good to know what the accountant is doing.
This QuickBooks UA-cam Playlist will show you every advanced topic in QuickBooks Online. If you know QBO basics, you can follow every video in this playlist step-by-step and become an expert in QuickBooks Online. Every advanced type of transaction or challenging QuickBooks online situation will be addressed in this learn QuickBooks Online training video tutorial instruction series. There is a QuickBooks solution to every QuickBooks problem and an answer to every QuickBooks question. This playlist is the best QuickBooks help there is.
👉Subscribe for more videos: bit.ly/thequick...
Other Related Videos 👇 Learn QuickBooks And Master QuickBooks Online • QuickBooks Online Star...
Learn QuickBooks Online Bank Feeds • Setting Up Bank Feeds ...
Learn QuickBooks Online Phone App • Introduction to QuickB...
➡Follow us on social media:
/ certifiedquickbookstra...
/ quickbooksforlandlords
Mark Smolen is a certified instructor and the creator of the QuickBooks Instructional UA-cam Channel and Website.
➡Get In Touch Today Have a question or need help with your QuickBooks Instructional Course?
Contact Mark directly. marksmolen.com quickbooksforl...
#quickbooksonlinewriteoffinvoices #quickbooksonlineaccountantstoolbox
#quickbooksonlineuncollectables

[@worldwidequickbooks]

Hello, my QuickBooks online friends. This video is an interjected video after the course was complete. By popular demand, I have added this video and the video that’s coming Friday May 29, to show you all the different options for writing off a customer’s uncollectable balance. This video shows the accountant’s way of recording bad debt expense.
I thank you all and hope that you will click “like” and “subscribe”

[@june7862]

Wow! it really helps me to understand the "write off uncollectable invoice"
Thank you very much to post this video :)

[@worldwidequickbooks]

It's my pleasure, I'm happy to help
Anything else you could need in quickbooks you can find from the channel page or just ask
If hope you will click like after watching each one and please subscribe
Mark

[@CruisePropertyManagement]

Applying journal entry to the invoice was not part of the videos for writing off the uncollected rent for landlords. Could you elaborate why? Thank you!

[@worldwidequickbooks]

These are all just examples of methods you could use and you could make your own choice which method you think works best for you