Bad debt expense is the loss from doing business with customers who are later unable to pay for the services or goods they received. The expense is booked to the general ledger once all credit and ...

Even if your business has the best credit policies, you still should anticipate delinquent and unpaid customer accounts as a cost of doing business. While collection efforts on certain customers may ...

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 ...