Bad debt is an unfortunate reality of running a business. A bad debt is money owed to your company that you decide is not collectable. The two most common methods you can use to write off bad debt are ...

Adjusting entries are a periodic requirement for an accrual-based accounting system. Its advantages are that it keeps the books in order and that it matches revenues and costs to periods in which you ...

Understand adjusting entries for accounting purposes, how they are made and what they impact. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

Could your debt be reduced or forgiven? Take our financial relief quiz. If you’re a business owner extending credit to customers, then you’ve likely had an experience with bad debt or will at some ...