EPISODE · Oct 21, 2022 · 5 MIN
When Should You Write an Account Off as Bad Debt?
from Extra Credit · host NACM
Tell us what you love about Extra Credit and what topics you want covered!Writing off bad debt is typically a last resort if a customer files for bankruptcy or just does not pay. But you don’t want to be too quick to write something off that might be collectable in the future. Hear how some creditors decide when it is time to throw in the towel. Also, a tip about staff retention! Connect with us on LinkedIn: @Nacm-National @FCIB
What this episode covers
Tell us what you love about Extra Credit and what topics you want covered! Writing off bad debt is typically a last resort if a customer files for bankruptcy or just does not pay. But you don’t want to be too quick to write something off that might be collectable in the future. Hear how some creditors decide when it is time to throw in the towel. Also, a tip about staff retention! Connect with us on LinkedIn: @Nacm-National @FCIB
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When Should You Write an Account Off as Bad Debt?
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