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QuickBooks Online QBO

How to record forgiveness of debt loan by vendor and bank in Quickbooks Online


Forgiveness of Debt Income
Forgiveness of Debt Income Account

Forgiveness of debt by vendor - creating vendor credit to clear open bill (A/P)
Forgiveness of debt by the Vendor – creating vendor credit to clear open bill (A/P)

Forgiveness of credit debt by credit card company
Forgiveness of credit debt by the Credit Card Company

Forgiveness of debt loan by loan company
Forgiveness of debt loan by the Loan Company