HOME / COMMUNITY Switch to knowledge base

Writing off bank interest

I have interest in a savings account that has been closed and will not be repaid to us (the account was in a director’s name (now resigned) and was used for gaining interest for the business). The accountant has written it off - how do I record this in Quickfile?

Hi @Lorax

Sorry for the delay in getting back to you about this.

Can I just ask how your accountant has written this off? The way that you record it in QuickFile will depend on the method that they use.