Label archive for : When receivables are considered doubtful

QuickBooks Partnership

LEGALCITY announces a partnership with INTUIT to facilitate out-of-court collections for businesses

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Debt collection has never been so easy since the arrival of LEGALCITY!
collective procedure

Impairment of bad debts

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When receivables are considered doubtful, companies are required to write them down. This depreciation is recorded as a loss on accounts receivable. It allows the value of the receivable to be realistically reflected in the company's accounts.