Small Business Bookkeeping Services Canada
Sep 11 2018

Bookkeeping Practices for Dealing with Bad Debt

When you extend credit to a customer who fails to make good on their obligation to pay you, that loss of income becomes a bad debt. Most bad debt happens because a client has run into financial trouble. But regardless of the reason for it, a certain amount of loss is to be expected when you run a small business. So let’s take a look at how to deal with bad debt from a bookkeeping perspective.

Leave a Reply