QuickBooks Training- Writing off Bad Debt

[okasha1983]

because you did not match the revenue on MAY with expenses which should have been recorded on MAY not JUNE , to be in the good performance we should use the allowance doubtful method , cuz the expenses will be matched with revenue in the right time

[outonam]

@okasha1983 ok ok ok ok ok ok ok

[okasha1983]

u used the wrong method ...the direct method is not acceptable by GAAP

u should have not debited the bad debt expense ,

how about if the sales was on MAY 2010 and recorded the bad debt expense on JUNE 2010 so u did not comply with GAAP

[outonam]

@okasha1983 ok ok ok ok ok ok ok