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writing off bad debts (1 viewing) (1) Guest
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TOPIC: writing off bad debts
#1128
C. Lochen (User)
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graphgraph
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writing off bad debts 8 Months ago Karma: 0  
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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#1137
steve (Moderator)
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graphgraph
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Re:writing off bad debts 8 Months ago Karma: 3  
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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