![]() Cannot access Reckon Financial Statement Designer in Accounts Business Premier. ![]() ![]() Find the customer, and you will notice that QuickBooks automatically applied the credit memo to the invoice. Invoice Tax Total is not 10 of Net Total. You can type in Bad Debt and a descriptive reason in the Description field.Įnter in the amount of the outstanding invoice as the amount of the credit memo.Ĭlick on the Sales menu on the left-hand side and then the Customers menu at the top. Type Bad Debt in the Name field and select the Bad Debt expense account for the Income account. If you do not already have a Bad Debt item set up, click on Add New and Service for the type. ![]() Note: credit memos should not be dated with prior year’s date as it will affect past financials and filed tax returns.
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