Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Get 50% OFF QuickBooks for 3 months*
Buy nowI wrote off $19,500 for bad debt for a client that went out of business and never ended up paying for services used. My CPA is telling me it should be an expense and not be left in the balance sheet. Currently it is a debit under an account i created "allowance for bad debt"
Should i create another JE in the current year and credit bad debt and debit accounts receivable?
Many thanks