Credits against invoices for non-paid charges

Schwa

It would be helpful to have a way to account for non-paid invoices. Currently, there is no way to account for non-paid invoices so the accounts receivable register shows indefinitely invoices that have never been paid and will most likely not get paid. Need to account for this for tax purposes as write-offs against business income.

Please implement something that will allow for accounting correctly these types of transactions so that we can report it correctly.

UKR

Have you looked at doing one of these?

• generate and print Customer Statements excluding customers with $0.00 balance.
• or generate and print an Unpaid Invoices List

Select and use only those customers who you have identified as "bad apples".

You will need

• an Expense Category Bad Debt which is defined as taxable with a tax line item of Schedule C: Bad Debt
• an Invoice Line Item definition Bad Debt assigned to the above category, with an appropriate description

For each of the above customers create a New Credit transaction.
Add a transaction line item Bad Debt in the amount of the unpaid balance, adding to the description additional text as needed. Print as needed and Save this transaction.

When done with creating Credit transactions you will have the Bad Debt expense category. You can create reports from that category and, if you export to tax software, the Bad Debt expense will be included in your Schedule C data transfer

What's not available is a way of identifying the bad customers by program and auto-generating all the Credit transactions.