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 ?
businesses, the result of a reduction of $120,000 in the reserve for bad debt in the U.
Moreover, certain of the Company's officers and directors purportedly failed to adequately reserve for bad debt expense, which increased from $4.
The decrease was the result of increased expenses related to investments aimed at accelerating growth, including engineering personnel and related costs associated with product development of $144,000, higher sales and marketing expense of $213,000 due to increased advertising, trade show and travel expenses, $80,000 of expenses for the preparation of a major contract, as well as the incremental reserve for bad debt related to a U.
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.
For the fourth quarter of 2013, the net loss after the impairment and reserve for bad debt charges was $2,509,000, or $0.
Additionally, BHS recorded approximately $1 million of expenses consisting of a one-time adjustment for accounts receivable and a reserve for bad debt.
Included within the third quarter data was an $82,000 reserve for bad debt associated with payment default from one customer.
We are pleased to offer our comprehensive solution to help optimize self-pay collections and accurately reserve for bad debt.
5 million including a reserve for excess and obsolete inventory, and restructuring charges for severance pay and related costs, a fixed asset valuation reserve and a reserve for bad debt.
9 million including a reserve for excess and obsolete inventory, a reserve for the write off of purchased in process R&D and amortization of other intangible assets, and restructuring charges including a reserve for severance pay and related costs, a fixed asset valuation reserve, and a reserve for bad debt.
Also, in response to the global slowdown in capital spending on telecommunications equipment, the Company increased its reserve for bad debt by $1.
7 million and the company has increased its reserve for bad debt specific to Kmart as of December 31, 2001 to $1.