From: cathy foland (cfoland@siue.edu)
Date: Fri Mar 28 2003 - 13:45:27 EST
Our allowance is based upon aging of accounts as follows 0-6 months 10%,
7-12 months 15%, 12-24 months 30%, 24-36 months 60%; 36-48 months 90%
and over 48 months 100%. We write-off accounts that have had no
activity for five years except for accounts with housing contracts which
we write-off after 7 years of no activity.
Cathy
-- Cathy Foland Associate Bursar Office of the Bursar Southern Illinois University Edwardsville Phone: (618) 650-3131 Fax: (618) 650-2971 Email: cfoland@siue.edu
attached mail follows:
Please reply to the listserv on this one. I too am interested. Thanks.
Kathryn Symank
Assistant Director, Student Financial Services
P. O. Box 30015
6001 TAMU
College Station, TX 77842-3015
(979) 845-8135 FAX (979) 845-9620
-----Original Message-----
From: Peter Ljutic [mailto:LjuticP@newschool.edu]
Sent: Friday, March 28, 2003 9:09 AM
To: bursar-l@virginia.edu
Subject: Allowance Calculations and Write off Policy
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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