40 ISSUES: 31 Bad Debt

Accounts receivable that have exhausted all forms of collection.

  • Is there a procedure in place to move bad debts to an expense for the company?
  • Does the company have a clear policy on bounced cheques, when they go to collection and when they go to the police?
  • Does the policy conform to Revenue Canada regulations?
  • Do I have policies and procedures in place which will work for me?



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