Deem the account bad debt and write it off


Customer bills that are unpaid after the terms that were set are considered past due. Many business owners and managers have billing processes, but no process for collecting on past due accounts. If you were a business owner or manager, what would you do to collect on a customer unpaid bill? At what point would you deem the account bad debt and write it off?

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Accounting Basics: Deem the account bad debt and write it off
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