The direct write-off of accounts receivable is primarily used by small companies for financial reporting, but is required by all companies in determining their tax obligation to the Internal Revenue ...

Allowing customers to pay within a reasonable time of purchasing a product or service makes the purchasing process smoother and increases total sales. Unfortunately, not all customers pay their debts ...

Both of these accounting techniques are ways for a business to indicate how an asset has declined in value Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, ...