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Estimating the amount of uncollectible accounts receivable

sankari · 2011-03-23 09:40:48

Hi, Can anyone state the ways to estimate the amount of uncollectible accounts recievable by recording the percentage of credit sales.

23-03-2011 9:40am

#1

sankari

Closed Accounts Posts: 7 ✭

Join Date: February 2011

Posts: 4

Hi,
Can anyone state the ways to estimate the amount of uncollectible accounts recievable by recording the percentage of credit sales.

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Comments

#2 23-03-2011 10:47am

ssbob

Registered Users, Registered Users 2 Posts: 2,736 ✭✭✭

Join Date: January 2011

Posts: 2671

Hi Can you clarify if you want to record your companys bad debts as they happen or are you looking to estimate what they are going to be?

If it is an estimate then I would need to know more info, ie. How big is your company, is it COD, 30/60 DAYS credit terms, what industry you in? Finding it difficult to collect money??

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