Allowance Calculations and Write off Policy

From: Peter Ljutic (LjuticP@newschool.edu)
Date: Fri Mar 28 2003 - 10:03:38 EST

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    I am interested in how other institutions calculate their allowance for
    doubtful accounts and also what your policy is on writing off accounts.

    Ex: Do you apply percentages for active and innnactive accounts,
    non-credit and degree students, or solely base your formula on the age
    of the receivable and if so what is your formula? In addition what
    criteria do you use to write off receivables - Just innnactive,
    submitted and returned from two collection agencies, etc..... Please
    indicate what percentages you apply to each category.

    Thanks in advance for your information. We are re-evaluating our
    policies on both these issues.

    Peter Ljutic
    University Bursar
    New School University
    66 West 12th Street
    New York, NY 10011
    (212) 229-8580
    (212) 989-9361 - Fax
    LjuticP@newschool.edu

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