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What Does a Write Off Mean On a Bill?

Question:

  • What is the purpose of a write-off and what does it mean?
  • What is the need to apply a write-off?

Environment:

  • Clio Manage

Additional Information:

Answer:

A write-off is usually applied to a bill when the firm does not think they will be getting paid for that amount. A firm may need to take a write-off after determining a client is not going to pay their bill.

 

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