Provision for doubtful debts
Errors can arise when:
Support provided by the 24iValue provision calculator ...?
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Next - You have no precise idea how to calculate provisions for debtors
- You do not refer your calculation of the provision to what happened to the debtors in the past (aging analysis, written-off balances, etc.)
- You have scarce information and this is the only thing you can rely on in calculating the provisions for debtors
- You have no opportunity for an independent verification of your calculations
Support provided by the 24iValue provision calculator ...?
- With 24iValue you will assess if the provisions for debtors are reasonable or your will calculate the provisions.
- With tested auditing techniques underlying 24iValue, you will calculate the bad debt provision in no time or you will check if the applied rules are reasonable.
