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Allowance For Doubtful Accounts

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Allowance For Doubtful Accounts

File Type: Excel                  Price: $4.99                   

 

Summary: This is a simple but great allowance for doubtful accounts spreadsheet for calculating you company's allowance for doubtful accounts and bad debt expense based on historical gross receivables; but it can easily be switched to a percentage of sales method or any other method that makes sense for your business. You simply input the appropriate percentages to write-off and the spreadsheet is complete. Unfortunately, the "direct write-off method" in which you write-off actual receivable balances is not considered GAAP (Generally Accepted Accounting Principals) and cannot be used in preparing GAAP financial statements, which gives more value to this allowance for doubtful accounts calculator because it determines results that ARE GAAP complient and can be used when preparing GAAP financial statements.

allowance for doubtful accounts, bad debt expense, receivables, percentage of sales, write-off, gaap, generally accepted accounting principals, financial statements, bank reconciliation, capitalization table, vacation accrual Preview The Document (You must have Adobe Reader installed to view, get it free now )

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