06-25-2020, 01:26 PM
Bad debt is an amount which is unable to recover by a business or a company from the debtor. This happens because the borrower is unable to pay the debt due to some reason or has bankrupted. The issues related to QuickBooks Bad debt may affect the profit and loss reports during reconciling the accounts in QB. Bad debt is an unrecovered amount that is usually associated with account receivable. Due to this, it becomes necessary for a company How to write-off bad debts in QuickBooks Online.
