In the period when the credit sales occur, companies may estimate the amount of potential losses from the credit sales based on past experience and current customer credit evaluation. The estimated losses are recorded in “allowance for doubtful accounts,” a negative account

It may not be common to see them, but they can be helpful in times of financial stress. Insights on business strategy and culture, right to your inbox.Part of the business.com network. Lucy, who approached Ben a month ago for an advance

A good broker will check in on your mortgage periodically, ensuring you’ve got the best rate. They can negotiate with your existing bank to get you a sharper deal without having to switch your mortgage, or they can help you switch if

This isn’t an issue with balance sheet lending, however, since the debt is retained by the original lender. This financial statement lists everything a company owns and all of its debt. A company will be able to quickly assess whether it has