6700 Bad Debts
Invoices you have given up on collecting, written off as an expense.
In Solo Superstars
Write off an invoice from its page (or in bulk at year end) and the app removes the receivable and books the loss here.
Example
A $400 invoice, 180 days overdue, written off: debit 6700 400, credit 1100 400.
Codes shown are the defaults a new workspace starts with. Yours may be renamed or renumbered — check Accounting › Chart of accounts. See the full default chart.
Also called
- bad debt expense
- uncollectible
Related
- Write-off — Giving up on an invoice that will not be paid. Removes the receivable and books the loss as bad debt.
- Accounts receivable — Invoices you have sent that customers have not paid yet. An asset, because the money is coming.
- AR aging — Unpaid invoices bucketed by how overdue they are: current, 1–30, 31–60, 61–90 and over 90 days.
- Chart of accounts — The list of buckets your money can be sorted into: assets, liabilities, equity, revenue, expenses. New workspaces start with a default set you can rename or extend.
- Default chart — The chart of accounts every new workspace starts with, numbered the way QuickBooks users expect. Yours may have been renamed or extended since.