Re:writing off bad debts (1 viewing) (1) Guest
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TOPIC: Re:writing off bad debts
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writing off bad debts 8 Months, 1 Week ago
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I have clients that have not paid me for services provided. How long do I have to wait to write of the debt?
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steve (Moderator)
Moderator
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Re:writing off bad debts 8 Months, 1 Week ago
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Karma: 3
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Is this a business bad debt?
Are you accrual or cash basis?
Is there an accrual for service revenue on your books?
You cannot take a bad debt expense for your services as you have no basis in the service provided. However, if you incurred expenses on behalf of a client, those expenses can be written off.
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