Bad Debt

Bad Debt

Xero – Bad Debt

Like any business we try to avoid bad debts ie money owed to the Formation that cannot be collected as this can seriously impact the Formation’s ability to pay their bills in a timely manner.  Refer QBSI 6.12 on guidance to manage Group Debt.  If you have tried to recover a debt and the Executive Committee have agreed to write off the debt (within their delegated authority – refer QBSI 9.14) the link below explains how to write off this bad debt. 

Record a bad debt in Xero


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