by Covimom
I am having a major brain fart here.
Self employed billed customer 3000.00 for hours worked (labor only) customer paid 1000.00 and will not be able to pay the balance of 2000.00 : is this or is this not a 1000.00 loss? by writing off as a bad debt.
When I run it through quick books it shows I have a $1000.00 profit for the year..