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I have an invoice that I know will not be paid. The amounts are too small to take action. How do I record this loss? Or ensure that it is not included in my income?
I have an invoice that I know will not be paid. The amounts are too small to take action. How do I record this loss? Or ensure that it is not included in my income?
Dear,
Even for a small amount, you can take action. An invoice is a binding contract.
Alternatively, you can issue a credit note for this invoice.
Regards, Ad.
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.