How to calculate inventory provision or provision for doubtful debtors?
24iValue guides the user step by step through all stages of the calculation fo these two estimates. Depending on the provision you want to calculate, the web-based application will tell you what information will be needed, e.g. whether it's the debtors or inventory aging report or the selected figures from the trial balance.
If you use 24iValue to verify a provision you calculated yourself, the app will assess the difference and, if it proves significant, suggest where the error might come from or suggest the alternative approach for calculation of these estimates.
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