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Publication date: 2012-12-06 05:42:27

Often an assumption is made that no problem exists with current debtors accounts while current debtors accounts while no collection history is analysed to prove that. Provision for bad and doubtful debts should also cover debtors that are not overdue as most probably at least part of them will become uncollectible in the future.

Please remember that only an adequate analysis can help to calculate doubtful debts provision on such kind of potentially bad debtors. Do you know how to do it? We do and can help you! Please see 24iValuemodule on bad debt provisions.

Regards,
Slawomir Ekman
24iValue

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Do you know that?
24iValue system imitates the process of thinking and action of a "conventional" valuation or accounting expert, and together with the user it solves the accounting or reporting problem.

For example: valuation of financial instruments, market valuation of certain assets, corporation income tax, deferred taxes, cash flow statement, finance lease accounting and establishes provisions for liabilities (including provision for retirement bonus) or provisions on assets inventories, accounts receivable, and fixed assets.

With 24iValue, you can minimise the risk of material errors and improve the quality of financial reporting and corporation tax.

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