bursar-l: Bad Debt Calculation

To: Bursar Listserv

We are looking to calculating our bad debt calculation differently this year as we believe our allowance for bad debt may be too high. I am specifically interested in the aging of accounts and percentages that you use in calculating the amount of the receivable for the allowance.

For example: Accounts that are a year old and less, the allowance for bad debt would be 15% of the total receivable and for accounts aged over one year the allowance would be 95%.

Anyone willing to share their bad debt calculation would be appreciated or knows of formulas on the web. Thanks.

Meg

Meg Deiss
The New School
Director of Student Accounts
79 Fifth Ave 5th Floor
New York, NY 10003
(212) 229-8930, ext. 3512
deissm@newschool.edu
Bursar-l Archives: http://fa1.finadmin.virginia.edu/bursar/

Subscribe or Unsubscribe: https://list.mail.virginia.edu/mailman/listinfo/bursar-l
Received on Tue Jun 26 10:48:12 2007