How to track time billed and client expenses paid but written off in Quicken H&B...
memurray67
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I'm not so concerned with time that is billed and paid - I created a category for Legal Fees Received with subcategories for each client - but the entries reflect payment after the fact. I am concerned with time billed but not paid, and written off. I can track client expenses generally because I pay that expense out of an account and then when the client pays me for that, they reconcile each other. But, sometimes I have expenses that are not going to be paid....how would you suggest I get those into a category to track just those expenses written off?
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Answers
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There is some guidance in Quicken Help about how to handle bad debt. Here is a screen grab of that help topic. See image 1.
You will have to create or identify a "bad debt" category. I also noted that there is a Schedule C:bad debt... tax line you can associate with that category. See image 2.
Does this help?
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