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Irrecoverable debts

Some customers never pay and some might not. Write off the lost debts, allow for the doubtful ones, and show receivables at what will be collected.

Premium5 rooms43 questions42 min
See the first roomHow to write off a debt at the year end

Rooms in this module

  1. How to write off a debt at the year end7 min, mediumPremium
  2. What the allowance for doubtful debts is8 min, mediumPremium
  3. How to change the allowance for doubtful debts10 min, hardPremium
  4. A written-off debt is paid after all7 min, mediumPremium
  5. Receivables in the year-end accounts10 min, hardPremium

How this works

Each room answers one problem. A task is a few lines of reading, then questions you answer in the books: post to an account, type a figure, sort, match or write a journal. Every answer is marked at once, with the rule behind it. There are no videos.

Questions

How many rooms and questions are in Irrecoverable debts?

5 rooms and 43 questions. Every question is marked at once.

How long does it take?

About 42 minutes in all. A room takes 7 to 10 minutes, so you can do one at a time.

Is it free?

No. These rooms need Premium. Each room shows the start of its first task before you pay.

What should I do first?

Non-current assets. It is the module before this one in Year-end adjustments.