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Write off - Receivables Balance

Asked on July 21, 2017

We have a balance of $20 in a grant receivable account. This amount equals the 2 bank fees for receiving the deposit. I will do a JE to write off, but does it go to bad debts??

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Wayne Spivak's headshot
Wayne Spivak President & CFO • July 22, 2017

Sir,

At this point you really need to HIRE a qualified accountant. The members of this forum can not be your accounting staff.

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