Bad debt expense is the loss from doing business with customers who are later unable to pay for the services or goods they received. The expense is booked to the general ledger once all credit and ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. If you’re a business owner extending ...

Most companies sell their products on credit, for the convenience of the buyers and to increase their own sales volume. The term bad debt refers to outstanding debt that a company considers to be ...

In a perfect world, you would be paid for the goods or services that you have provided to a customer or client — each and every time you provide them. Unfortunately, we don’t live in such a world and ...

Every business owner knows -- or should know -- that there will be some customers who can't or won't pay their bills. Conservative accounting principles require that this unfortunate fact of business ...