Thread: Ibill & taxes
View Single Post
Old 04-21-2005, 12:41 PM  
directfiesta
Too lazy to set a custom title
 
directfiesta's Avatar
 
Industry Role:
Join Date: Oct 2002
Location: Punta Cana, DR
Posts: 29,913
You declare all the sales as income, including the not payed.

Then, figure out the amount still owed, and put that amount as bad debt ( expense).

If you ever get paid later on, you can reverse said amounts as " recoovered bad debts"
__________________
I know that Asspimple is stoopid ... As he says, it is a FACT !

But I can't figure out how he can breathe or type , at the same time ....
directfiesta is online now   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote