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  • RE: Account Type for Allowance of Bad Debts
    Rookie Asked on June 9, 2021 in Accounting.

    Hi

    You should use the ‘Account Receivable’ Account type for the allowance account. So that when you run your balance sheet report, it will be grouped under the account receivable section and show you the net amount. Still, you can expand the section and check for underline accounts.

    Thanks

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