Extra Credit

When Should You Write an Account Off as Bad Debt?

October 21, 2022 NACM Episode 29
Extra Credit
When Should You Write an Account Off as Bad Debt?
Show Notes

Writing off bad debt is typically a last resort if a customer files for bankruptcy or just does not pay. But you don’t want to be too quick to write something off that might be collectable in the future. Hear how some creditors decide when it is time to throw in the towel. Also, a tip about staff retention!