How to track time billed and client expenses paid but written off in Quicken H&B...

Question

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?

Scooterlam · Answer

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?