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How much bad debt do you write off each year?

Love the Green Biz

LawnSite Fanatic
Location
NYC Metro Area
I’ve been in business 27 years and my accountant always said I can’t write off as a loss people who don’t pay. Can I write this off?
If you use the cash accounting method where you book sales as you are paid then no-you can't write it off as you did not book a sale.

If you use the accrual method where you book both deposited and receivable sales then yes-you can adjust your final sales number down to reflect that you never were paid.
 
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