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writing off an unpaid invoice

  • December 30, 2024
  • 1 reply
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Roberta Ritter

hello, I’ve searched but can’t find the answer to this question

I had a client receive our services last spring and she is just not paying. Not communicating, not paying, nothing. I’m going to write it off but I need for some sort of transaction to take place via her invoice so that it will pull through to quickbooks. Can somebody point me in the right direction?

 

 

Best answer by Geily Romero

Hi Roberta! HoneyBook functions off of cash-basis accounting meaning only when payments are made towards an invoice is that the invoice and payment(s) come through to Quickbooks. If this was an invoice with a single payment that was never made, then there would be nothing to show in your QuickBooks since no payment was ever made towards the invoice. If the invoice had an initial payment made towards it but the balance was not paid/will not be paid, then in QuickBooks you should see the full invoice with just the initial payment made towards it and a balance left on it, when you expire the invoice in HoneyBook, it should automatically update in QuickBooks as well to just reflect the payment made and no balance left on it. Cash basis accounting doesn’t have any write off, it’s only based on payments made/cash received. 

1 reply

Geily Romero
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  • Answer
  • December 30, 2024

Hi Roberta! HoneyBook functions off of cash-basis accounting meaning only when payments are made towards an invoice is that the invoice and payment(s) come through to Quickbooks. If this was an invoice with a single payment that was never made, then there would be nothing to show in your QuickBooks since no payment was ever made towards the invoice. If the invoice had an initial payment made towards it but the balance was not paid/will not be paid, then in QuickBooks you should see the full invoice with just the initial payment made towards it and a balance left on it, when you expire the invoice in HoneyBook, it should automatically update in QuickBooks as well to just reflect the payment made and no balance left on it. Cash basis accounting doesn’t have any write off, it’s only based on payments made/cash received.