![]() ![]() Select the option Write Off The Extra amount then click Save and Close.Ħ. After you have applied the payment, you will see a section called Underpayment.ĥ. Enter in the amount of the payment that you received, and place a check mark in the column next to the invoice for which the payment is to be applied.Ĥ. ![]() Locate the customer and the invoice for which to apply the payment.ģ. Click the Receive Payments icon on the QuickBooks homepage.Ģ. To write off an underpayment, perform the steps in the video below:ġ. Usually the expense account that you will write off the balance to is called Bad Debt Expense or Write Off. If a customer makes a partial payment towards an invoice, and you are certain that the remaining balance of that invoice will not be paid, then you can write off the balance to an expense account. QuickBooks Pro comes in a number of different editions, each of which has its own price tag and advantages.Lesson 7-8: How To Write Off An Underpayment: This free QuickBooks tutorial will show you how to write off an underpayment for an invoice. But QuickBooks Pro can make the process incredibly easy with step-by-step and simple information that is geared towards those who don't know much about the tax filing system or have never filed their own taxes before. Taxes can be daunting and we all dread the end of the financial year, but it is even worse for those with limited knowledge and little or no mathematic skills. ![]() If you run a small business, a big business or if you are an individual or professional that does a lot of freelancing and you need to file your own taxes at the end of the financial year, then QuickBooks Pro can make that process fast and hassle free. QuickBooks Pro is available in many different versions and can run on both the Microsoft Windows and Apple Mac Operating System. QuickBooks Pro is a personal accounting software that was first released in 1996 and was created by Intuit Inc, who also create programs such as Quicken, QuickBase, TurboTax and a great deal more. ![]()
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