Bad debt is an unfortunate reality of running a business. A bad debt is money owed to your company that you decide is not collectable. The two most common methods you can use to write off bad debt are ...

When a business takes a write-off, it is a deduction in the value of earnings by the amount of an expense or loss. When a business makes a sale or a deal with a client, with an understanding that the ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...