Bad debt provision is an account that banks maintain so that the percentage of outstanding loans that will not ever be paid back can be covered. This is similar to the bad debt reserves that many companies keep with the …
Category Archives: Good customers vs bad customers
Are You Sick of Dealing With Debtors Refusing to Pay for Services?
In business ledgers, debt is often categorized as account receivables. Most debt is eventually paid. However, some portion is not. Small business debt recovery can be a huge headache for many companies. The majority of small businesses have a bad …