What does it mean to write off an invoice?
When you know you won’t receive payment for your invoice, you can write it off. We’ll take a look at why you should…
Overview
When you know you won’t receive payment for your invoice, you can write it off. We’ll take a look at why you should write off uncollectible invoices, and how to do it. This version is adapted for Nexbal with a shorter, practical structure.
Key Takeaways
- When do you write off an invoice?
- Pro-tip: If there’s a mistake on the invoice, you should credit it
- Why should you write off an invoice?
Practical Checklist
- Define the process and responsibilities before you invoice.
- Verify customer data, amounts, taxes, and due dates.
- Use a consistent template and keep documentation in one place.
- Follow up unpaid invoices with a predictable reminder flow.
Start invoicing with Nexbal
Use Nexbal to create and send professional invoices with less manual work.