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How do I record a Bad Debt?

How do I record a Bad Debt?

Go to the ADMINISTRATION screen and then Tap on ACCOUNTS RECEIVABLE. Then select the transaction. Then scroll down and Tap on the box corresponding for “BAD DEBT”. Then Insert a comment under the label “Office Use Only” and click “Save”. Then Tap on BAD DEBT, and then select “Yes” to mark this transaction as a bad debt. KIS BOOKS will proportionally reverse any Sales Tax elements for accrual sales tax reporting – these credits may be refundable.

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