Re: bursar-l: Bad Debt Calculation

At Suffolk we do not age by date but by term:

Current - Summer 5%
Last Semester - spring 8%
Two Semesters prior - Fall 80%
Older than two semesters 100%
----- Original Message -----
From: "Margaret Deiss" <deissm@newschool.edu>
To: <bursar-l@list.mail.virginia.edu>
Sent: Monday, June 25, 2007 4:11 PM
Subject: 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/
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Received on Tue Jun 26 16:33:37 2007