I appreciate you following this thread.

I'm here to share additional insights on writing off unpaid old accounts.

If you're referring to the need to write off unpaid old invoices, you can record them as a bad debt, allowing you to update your accounts receivable and net income. You can follow the steps outlined by my colleague in the previous reply.

If you're referring to clear unpaid bills from your Accounts Payable account, you can delete them if you operate on a cash basis. However, if you have unpaid bills and use accrual accounting, you'll need to create a credit memo to clear those bills.

When making the credit memo, use the same expense account that was used for the original bills. Then, you can apply the credit memo to the unpaid bills to remove them from your Accounts Payable account. This approach allows you to properly account for the transactions on an accrual basis.

Additionally, you can generate reports to gain a deeper understanding of your business's financial health, improve financial management, better planning, and ultimately, more sustainable growth for your company.

Should you have any other questions regarding the write-off of unpaid old accounts or any other concerns, visit the Community. We are always here to help. Stay safe.