Uncollectible Account

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Uncollectible account

An account which cannot be collected by a company because the customer is not able to pay or is unwilling to pay.

Accounts receivable that a company cannot collect because the client is unable or unwilling to pay. If the client is simply unwilling to pay, the company can sue to collect what is owed; however, this incurs its own expenses and may not be worth the effort. If the client is unable to pay, for instance because of bankruptcy, the company writes off the amount lost as bad debt. This reduces the company's revenue, but also reduces its taxable income.

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Allowance for Doubtful Accounts Allowance Method			The provision for uncollectible accounts receivable increased to $1. ENZO BIOCHEM REPORTS RECORD FISCAL 2009 FIRST QUARTER REVENUE by Biotech Financial Reports Relative to 1991 and 1993, survey respondents are more likely to reserve for uncollectible accounts, however, they are tending to reserve less as a percentage of receivables. Timeshare developers fare better among lenders by Real Estate Weekly Pocketing collections made on presumably uncollectible accounts. Dishonesty made easy: the importance of internal controls by Orlando, Louis A. / The National Public Accountant			Unauthorized Insurance Unauthorized Insurer Unauthorized Investment Unauthorized Practice of Law Unauthorized Reinsurance Unauthorized Transfer Unauthorized Use Unavoidable Costs Unbalanced Growth Unbanked Unbiased Estimator Unbiased Expectations Hypothesis Unbiased Predictor Unbranding Unbundled Life Insurance Policy Unbundling Uncalled Capital Uncap Uncashed Uncertain Tax Position Uncertified Unit Uncharged Uncharged Arrearage Unclaimed Balance Uncollected Funds Uncollectible Account Uncommercial Uncommitted Facility Unconditional Bid Unconditional Vesting Unconfirmed Letter of Credit Unconscionable Unconscionable Bargain Unconsolidated Subsidiary Uncovered Call Uncovered Call Writing Uncovered Interest Arbitrage Uncovered Option Uncovered Options Uncovered Put Uncovered Put Writing Uncreditworthy Undated Security Undeliverable Billing Document Undeliverable-As-Addressed Under Reporting Under the Belt Under the Counter Under the Table Under-Allowance Underage			uncoerced uncoerced Uncoffle uncohesive Uncoif uncoil uncoil uncoiled uncoiled uncoiling uncoiling uncoils uncoils Uncoined UNCOK UNCOL UNCOL Uncola uncollaborated Uncollared Florida Panther Uncollateralized Debt Uncollateralized Debts uncollected uncollected Uncollected funds Uncollected Tax uncollectible uncollectible uncollectible uncollectible Uncollectible Account Uncollectible Accounts uncollectible debt Uncollectibles Uncollectibles Uncollectibles Uncollectibles uncolored uncolored uncoloured uncoloured Uncolt uncolumned uncombable Uncombable hair syndrome uncombed Uncombine uncombined Uncomeatable uncomely uncomely uncomfortable uncomfortable Uncomfortable Loudness Level uncomfortableness uncomfortableness uncomfortably uncomfortably uncommanded Uncommanded Slats Deployment uncommendable

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