Bad Debt – How To Write It Off In MYOB

When a bad debt could not be collected after trying all possible collection methods, than a record adjustment must be made to reflect the uncollected payment. This is known as a Bad Debt Write Off.  A general journal entry must be made to reflect the uncollected sale.

The basic for the accounting procedure is the same; the actual procedure depends on the accounting system you are using.  Here is a helpful video courtesy of Doris Cahill on how to write off bad debt using MYOB accounting system.

One thought on “Bad Debt – How To Write It Off In MYOB

  1. Thank you for doing this little video … have not had to write off any bad debts for years so it was great to be able to confirm I was doing it the right way. Much appreciated going through the process with you on line…keep up the good work! Go Girl! Regards Julie

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