I'm struggling with how to properly write off bad debt in QuickBooks for my small business. I have several unpaid invoices from customers who've gone out of business or stopped responding. What's the correct process to write off bad debt in QuickBooks without affecting my tax calculations? Should I create a bad debt expense account first, or use the existing accounts receivable? I've heard there are different methods depending on whether you use cash or accrual accounting. Can someone walk me through the step-by-step process to write off bad debt in QuickBooks while maintaining accurate financial records?