Archivio della categoria: Bookkeeping

So, you need to set aside some amount of money as an allowance for doubtful accounts. Such an allowance is subtracted from the Gross Receivables of your business to determine the Net Realizable Value of Accounts Receivables. According to the above example, a customer on an average takes 65 days… Continue reading →

These articles and related content is provided as a general guidance for informational purposes only. These articles and related content is not a substitute for the guidance of a lawyer (and especially for questions related to GDPR), tax, or compliance professional. If you’re using a spreadsheet, you might create a… Continue reading →