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  #1  
Old 04-01-2013, 09:05 AM
JimMarshall JimMarshall is offline
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Account for quickbooks write-off?

I need to write off an underpayment from one of my customers.... WHich account should I list it under?
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Old 04-01-2013, 09:13 AM
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clydebusa clydebusa is offline
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http://community.intuit.com/posts/ho...-in-quickbooks

This is a excellent forum for quickbooks,, you can search almost anything pertaining to QB here.
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Old 04-01-2013, 02:25 PM
JimMarshall JimMarshall is offline
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It's not really a bad debt though....
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Old 04-01-2013, 02:37 PM
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grandview (2006) grandview (2006) is offline
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Re bill them?
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Old 04-01-2013, 02:39 PM
JimMarshall JimMarshall is offline
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I made them aware of the underpayment, they said they would tack it on to a future payment, they have paid 2 invoices since then without adding it.
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Old 04-01-2013, 02:40 PM
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grandview (2006) grandview (2006) is offline
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Phone call time.
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Old 04-01-2013, 02:47 PM
JimMarshall JimMarshall is offline
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I'm not incredibly worried about the underpayment, just not sure of the accounting.
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Old 04-01-2013, 03:26 PM
Raymond S. Raymond S. is offline
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I would change the invoice to reflect what they paid and record the unpaid portion in bad debt. Should clear your accounts receivable and set their account even (if you're accepting their underpayment.)
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Old 04-01-2013, 03:28 PM
JimMarshall JimMarshall is offline
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It's a result of a typo that caused a $30 underpayment from a pretty substantial customer. I'm not really worried about making a fuss over 30 bucks.
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  #10  
Old 04-01-2013, 05:25 PM
birddseedd birddseedd is offline
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Quote:
Originally Posted by JimMarshall View Post
I need to write off an underpayment from one of my customers.... WHich account should I list it under?
What do you file this under with your taxes? just did mine but did not see a spot for something like underpayment write offs.
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