How do I write off bad debt in QuickBooks Pro 2016?

Write off bad debt in QuickBooks Desktop
  1. Step 1: Add an expense account to track the bad debt. Go to the Lists menu and select Chart of Accounts. Select the Account menu and then New.
  2. Step 2: Close out the unpaid invoices. Go to the Customers menu and select Receive Payments. Enter the name of the customer in the Received from field.

Rest of the in-depth answer is here. Beside this, how do I write off accounts receivable in QuickBooks desktop?

Write Off the Bad Debt in QuickBooks Online

  1. Click on the plus sign (quick create) in the upper right hand corner.
  2. Click on credit memo under the column called customers.
  3. Select or enter the name of the customer whose invoice(s) is being written off.
  4. Choose Bad Debt as the product / service.

Likewise, how do I enter a loss in QuickBooks?

  1. Select the Gear ⚙ icon.
  2. Under Your Company, select Chart of Accounts.
  3. At the upper right, select New.
  4. From the Account Type ? drop-down.
  5. Select Expenses.
  6. From the Detail Type ? drop-down, select Bad debts.
  7. In the Name field, enter “Bad debts.”

In this manner, how do I write off a non payment in QuickBooks?

  1. First, go to the Customers menu and choose Receive Payments.
  2. Select the customer's name.
  3. Leave the amount field at 0.00.
  4. Highlight the line item that will not be paid.
  5. Click the Discount & Credits button.
  6. On the Discount tab, make sure to enter the bad debt amount in the Amount of Discount field.

How do I book bad debt expense?

There are two ways to record a bad debt, which are:

  1. Direct write-off method. If you only reduce accounts receivable when there is a specific, recognizable bad debt, then debit the Bad Debt expense for the amount of the write off, and credit the accounts receivable asset account for the same amount.
  2. Allowance method.