Bad Debt Write-offs
In most companies, identifying bad debt is a credit management function. Reserving for potential bad debt is an accounting function. Bad debt write-offs are where the worlds of credit management and accounting converge. Identifying and accounting for bad debt has emerged as one of the least standardized areas of accounting. As a result, providing information that can give guidance and direction in bad debt management and reporting, including the most comprehensive and up-to-date benchmarking, will be an area of emphasis for CreditPulse.
