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QuickBooks Tips Blog

How to Record a Settlement of Debt in QuickBooks

Posted by Alex Viau on Jan 11, 2013 6:02:00 AM

We all fall behind on our bills at one point or another in our lives but others may go a little further then that just like Han Solo. Forgoing payment to a particular vendor for an extended period of time may turn into  insurmountable debt. The debt may now become a loan, which will require you to record a settlement of debt in QuickBooks to help keep your books balanced. I hope for your sake though it never gets as bad as Han Solo.

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Topics: QuickBooks Tips, QuickBooks Tips Blog, Learning QuickBooks, learn QuickBooks, learn QuickBooks, Personal Bookkeeping, Settlement of Debt, Debt Relief