Accounting allowance for bad debt is a reserve set aside by companies to cover potential losses from customers who fail to pay their debts. It helps businesses anticipate and manage uncollectible receivables. This provision ensures accurate financial reporting by reflecting the true value of outstanding receivables.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
Recommended Digital Assets for You
Suggested Resources
Add AI to Your Order-to-Cash Process

AR Automation for JD EDwards

AR Automation for SAP

AR Automation for Oracle

AR Automation for NetSuite

AR Automation for PeopleSoft
