more-arw search

Q&A Forum

Write off - Receivables Balance

Anonymous
(Founder) | Jul 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??

Answers

Topic Expert
Wayne Spivak
Profile
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO, SBAConsulting.com) | Jul 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.

277 views

Get Free Membership

By signing up, you will receive emails from Proformative regarding Proformative programs, events, community news and activity. You can withdraw your consent at any time. Contact Us.

Business Exchange

Browse the Business Exchange to find information, resources and peer reviews to help you select the right solution for your business.

Learn more

Contribute to Community

If you’re interested in learning more about contributing to your Proformative community, we have many ways for you to get involved. Please email content@proformative.com to learn more about becoming a speaker or contributing to the blogs/Q&A Forum.