Write offs are a common accounting function and a means by which to write off bad debts from your set of financial accounts.
All functionality of invoice write off’s is supported by the QuickBooks integration process. If you create, amend or delete a write off in Pet Sitter Plus, it will be synced in QuickBooks Online.
What happens when I Amend a Write Off in Pet Sitter Plus?
After amending a write off in Pet Sitter Plus and your QuickBooks Online synchronization has taken place, the write off amount will be updated on your QuickBooks Online account.
Write offs recorded in Pet Sitter Plus are synced as double entries to QuickBooks in the following way:
Chart of Accounts
- As a Credit Memo in the PSP-Bad Debts Account
- As a Credit Memo in the Account Receivable (A/R) account
Client Account
A write off is displayed as a credit memo in the Client Account in QuickBooks, with an associated (zero) payment and a marked status of closed as shown below:
Info: Further reading....
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