Unlike cash sales, credit sales come with the extra burden of collecting debts, maintaining debtors' records and incurring bad debts expenses. You have to track accounts receivables and notes ...

The allowance method is the means by which companies are able to better anticipate and prepare for the loss that will occur from customer accounts that will be uncollectible in the future. Unlike the ...

Calculating estimates of the collectibility of accounts receivable and auditing those estimates is difficult. This article describes three techniques for assessing allowance for doubtful accounts ...