Write off an Expense

Description: How to write off an expense.

Write Off Expense

I needed to just write off an expense on a billed invoice. Is the best way to just go into the Sales journal and delete the entry and then fix the total amount billed?

Answer:

The best way is to call up the entry in sales journal and then change the amount on top and add one line with a negative amount going against a bad debt account to balance the entry.