Being able to mark a invoice as bad debt
When you have a client that does not pay you need to be able to mark the invoice as bad debt so that the invoice can be closer but accountants can see and tell that the invoice is a bad debt. This will help for tax time as this is a write off. But not being able to mark the invoice makes it extremely hard for accountants to know what's going on with the invoice. Many other CRM's have this functionality. This would be a great feature and I'm sure many will agree.
3 years later...
Ryan (CTO, Pinellas Computers) commented
This sounds great. It was subsequently solve my old request as well: https://feedback.repairshopr.com/forums/165658-general/suggestions/14850504-allow-non-currency-payment-methods-for-accounting
Heather Wade commented
It would be great if you could add a bad debt report also so we could see what percentage is not being paid over time.
James Stockdale commented
I have also been looking for this functionality. My accountants have to do a manual entry in QuickBooks, it would be really helpful if you can flag it in RepairShopr and it syncs to QB.
Bill Upton commented
The one thing that lets Repairsopr down
This is very much needed and would be great for reporting both in RS and outside of RS... Talk to your accountant but usually when you have bad debt you would record it as bad debt in QB and so it would not show as paid .. additionally, this can be written off on your taxes.
Annie Seekins commented
Does that affect how that "payment" then syncs with software like QuickBooks? My hesitation with a "bad debt" payment method is that it will then show up in QB as paid and it will create more work on that end going through and writing off payments there. I guess if you take "bad debt" payments in repairshopr and then immediately write them off in QB it could work.
Dean Elliott commented
I have created a payment type of "Bad Debt" and take "payment" with that method so the invoice is closed off and you can still find it later.
Annie Seekins commented
One thing that would help us a lot would be the ability to write off invoices that we know are not getting paid and have already been written off in our books. We don't want to delete the invoice because we want the historical data, but we don't want the funds we know we won't receive showing up in the invoice aging report.