Write-Off Functionality For Uncollectable Invoices
I have some customers who haven't paid and won't pay. Either that or I offered them a settlement amount for less than I was owed. I'd like a way to mark these amounts as a write-off or classify them as noncollectable so they can be gotten off my books.
AdminSeth (Founder, Cashboard) commented
As a workaround for now if you don't feel like deleting the invoice you can always add a line item to your invoice with a negative amount in the "flat fee" box.
Ensure the negative amount is equal to the invoice outstanding amount and it will offset the cost. The final cost will be $0
This would be really helpful for tracking bad debt - there's no other way to really do it without it looking like I earned the money, and there's no way I should have to pay taxes on money I was never paid.