reserve for bad debt

reserve for bad debt

An expense item on a profit and loss statement for the current period's pro rata share of anticipated annual credit losses due to unpaid bills or defaulting tenants.

References in periodicals archive ?
Credit managers don't like to offer them, customers don't like to sign them and many a CFO view them with such skepticism they force the controller to accrue note balances in the reserve for bad debt.
Moreover, certain of the Company's officers and directors purportedly failed to adequately reserve for bad debt expense, which increased from $4.
Based on fourth quarter trends and continuing uncertainty regarding the overall economic environment, the company increased its reserve for bad debt by $20 million in the quarter.
The reserve for bad debt increased $351,385 representing 25% of the $1,405,538 due the Company's general agency subsidiary from a recently appointed agent of the Company.
0 million increase in reserve for bad debt expense due to of the impact of adverse global economic conditions on customer collections.
Additionally, BHS recorded approximately $1 million of expenses consisting of a one-time adjustment for accounts receivable and a reserve for bad debt.
We are pleased to offer our comprehensive solution to help optimize self-pay collections and accurately reserve for bad debt.
Reflecting the reserve for bad debt, net loss for the first six months of 2002 was $1.
Also, in response to the global slowdown in capital spending on telecommunications equipment, the Company increased its reserve for bad debt by $1.
Pro forma loss before acquisition-related and non-cash compensation charges, but including a reserve for bad debt of $5.
Delta must also establish and maintain a reserve for bad debts.