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 ...

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 ...

Generally accepted accounting principles require companies to estimate how much of the money they are owed by their customers will never get paid, and account for that amount in their financial ...

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 ...

Last week, CMS announced on its website that for cost reporting periods beginning on or after October 1, 2019, providers must comply with a so-called “longstanding” rule to claim reimbursement for ...

A new accounting standard for hospitals reporting bad debt will have both negative and positive effects, according to a report from Fitch Ratings. “The new standard appears to be more robust and ...

Discover what an allowance for credit losses means and how it's used in accounting to estimate uncollectible debts, enhancing financial statement accuracy.

When companies do business on credit, they have accounts payable and accounts receivable. They represent accrued revenues and debts that will eventually come due. But what happens when your accounts ...