Взыскание дебиторской задолженности с физических лиц: алгоритмы и рекомендации, через суд, способы и меры

Порядок взыскания дебиторской задолженности — 33 советов адвокатов и юристов

Советы юристов:

1. Порядок взыскания дебиторской задолженности.
Являюсь индивидуальным предпринимателем. Могу ли я потребовать ещё и взыскания морального ущерба?

Заранее спасибо.

1.1. Татьяна, обращаетесь в суд (арбитражный суд), представляете доказательства имеющейся задолженности ответчика: договор, накладную, подтверждающую отгрузку товара, и т.п. Компенсация морального вреда по договорам поставки, купли-продажи законодательством не предусмотрена.

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2. Является ли обязательным досудебный порядок (уведомление и предупреждение) до обращения в суд, по взысканию дебиторской задолженности по коммунальным услугам с физических лиц?
Если да, то чем это какими законодательными актами это регламентировано?

2.1. добрый день!

Обязательный досудебный порядок направления претензии в связи с задолженностью по коммунальным услугам не предусмотрен.
В соответствии с пунктом 39 ПРАВИЛ
ПРЕДОСТАВЛЕНИЯ КОММУНАЛЬНЫХ УСЛУГ ГРАЖДАНАМ, утвержденным
Постановлением Правительства.
Российской Федерации от 23 мая 2006 г. N 307
(в ред. Постановления Правительства РФ от 21.07.2008 N 549).
Размер неустоек (штрафов, пеней) за нарушение потребителем условий договора, рассчитанных в соответствии с федеральными законами и договором, указывается исполнителем в отдельном документе, направляемом потребителю в течение 5 рабочих дней.
Таким образом, предъявляемые КО штрафы, пени по коммунальным услугам должны быть указаны в отдельном документе, который направляется потребителю.

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3. На постановление пристава-исполнителя об обращении взыскания на дебиторскую задолженность дебитором была подана жалоба. Старшим судебным приставом в удовлетворении жалобы отказано.
Постановление об отказе в удовлетворении хотим обжаловать в суд в порядке предусмотренном КАСС. Можно ли в просительной части указывать требование: обязать административного ответчика вынести постановление о признании жалобы (на постановление про дебиторку) обоснованной?

3.1. Нет, нельзя. В данном случае нужно обжаловать не отказ старшего судебного пристава, а признавать незаконным постановление судебного пристава-исполнителя.

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4. Я купил право требования-дебиторскую задолженность ООО, подтвержденную решением суда. Каков порядок моих дальнейших действий по взысканию?

4.1. Брать исполнительный лист и идти с ним к приставам.

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5. У нас в организации сложилась следующая ситуация, помогите ее разрешить.
Наша фирма в службу судебных приставов направила исполнительные листы, когда я их отдавала, судебный пристав сказал, что через месяц, он деньги взыщет, наша организация как кредитор в порядке очереди была четвертая (со слов пристава).
Через месяц после возбуждения производства я позвонила узнать ситуацию, пристав сказал, что наложен арест на имущество и взыскание на дебиторскую задолженность.
Каковы должны быть мои дальнейшие действия, ведь в общей сложности с момента возбуждения производства прошло два месяца.
Подскажите, в моей небольшой практике, это первый случай и как поступать я не знаю.
Спасибо за ответ.

5.1. К сожалению, вы сами знаете, как у нас исполняются законы. Если не шевелить судебного пристава-исполнителя, то исполнительное производство может тянуться годами! Лучше не звоните, а направьте заказное письмо с уведомлением, в котором укажите на то, что в соответствии со ст.13 Закона об исполнительном производстве исполнительные действия должны быть совершены в двухмесячный срок и потребуйте проинформировать вас о ходе исполнительного производства. Письмо направляйте на имя Старшего судебного пристава. Если в разумный срок (недельки через две) вы ничего не получите от пристава, то тогда на основании ст. 90 Закона вы можете подать в суд (тот, кто выдал исполнительный лист) жалобу на действия (бездействие) судебного пристава-исполнителя. Кроме того, у вас есть право ознакомиться с материалами дела (ст. 31 Закона). Только так вы заставите их побегать.

С уважением,

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ВЗЫСКАНИЕ ДОЛГОВ | Результат +

БОЛЕЕ 20 ЛЕТ, В РАЗЛИЧНЫХ УСЛОВИЯХ, МЫ УСПЕШНО РЕШАЕМ ВОПРОСЫ ВЗЫСКАНИЯ

 С физических лиц и юридических лиц. С взаимосвязанных (аффилированных) юридических лиц. Даже если компания ликвидирована. С руководителей и учредителей в рамках субсидиарной ответственности. Даже банкротство не является препятствием. С подставных (мошеннических) структур, обеспечивая возбуждение уголовного дела. С мошенников.По договорам и распискам любого вида. А также при отсутствии документов. По давним долгам, которым более 3 — х лет. За пределами России. В исключительных ситуациях, имеющих запутанную историю.

Взыскание в рамках сотрудничества с РЕЗУЛЬТАТ + это полный пакет услуг по взысканию по минимальной стоимости. Наши обязательства выполнены только тогда, когда вы получили деньги. Что мы делаем одновременно, по любому долгу без дополнительных затрат со стороны нашего заказчика:

— Увеличиваем максимально возможно сумму взыскания;

— Проводим жесткие переговоры;

— Привлекаем к данному вопросу правоохранительные органы;

— Получаем судебное решение и возбуждаем исполнительное производство;

— Осуществляем розыск активов и имущества;

— Признаем недействительными сделки по выводу активов;

— Привлекаем должностных лиц к субсидиарной ответственности;

— Воздействуем на должников через контролирующие государственные органы;

— Выполняем индивидуальные мероприятия, применимые к отдельным ситуациям.

Мы делаем все. И нашим клиентам возвращают долги с гарантией и дополнительными суммами. Это наш стандарт работы. А мы получаем свое вознаграждение только тогда, когда вы получаете возврат своих средств

МЫ ПРЕДОСТАВИМ ПОЛНОЕ ПОНИМАНИЕ СИТУАЦИИ ПО ВСЕМ ВОПРОСАМ

У вас ситуация с одним должником, в лучшем случае несколькими. Мы работаем со многими, кроме того видим, как меняется ситуация на протяжении длительного времени. И при этом поведение различных должников заставляет нас постоянно совершенствовать и усиливать схему работы с ними. Мы лучше знаем Вашего должника, чем Вы сами. Обращаясь к нам, Вы имеете ситуацию непогашенной задолженности. И должны понять один важный момент: пока Вы ждете, Ваш должник не думает о том, где найти деньги. Он больше думает о том, как спрятать свои деньги, имущество, активы. Вы ждете — и перспектива возврата задолженности становится меньше.

В наших силах вернуть любой долг. Несколькими способами. Но мы должны понимать, какая у Вас ситуация

90000 Collection and Write-off of Outstanding Receivables 90001 90002 Printed on: 07/13/2020. Please go to http://policy.umn.edu for the most current version of the Policy or related document. 90003 90004 Procedure 90005 Non-sponsored receivables billed through EFS 90006 90002 Accounts Receivable Services (ARS) is responsible for and uses the following methods in the collection of outstanding receivables that have not been paid in full within 30 days for non-sponsored invoices generated in the Enterprise Financial System (EFS): 90003 90009 90010 Statements of account 90011 90010 Dunning e-mails 90011 90010 Telephone calls 90011 90010 Aging review 90011 90010 Third-party collection agencies 90011 90010 Revenue Recapture Program 90011 90010 Office of the General Counsel 90011 90024 90025 90010 ARS will add collection notes to the Customer Conversation page in EFS documenting interactions with the customer.90011 90010 Departments should review the Accounts Receivable Aging report on a monthly basis and contact ARS or enter a Customer Conversation in EFS when they have information regarding an open invoice (e.g. service issues with a particular customer). 90011 90010 ARS will notify departments when delinquent accounts will be turned over to third-party collection agencies. Fees paid to collection agencies will be deducted from any monies collected from the customer. 90011 90010 The department or ARS may request that amounts deemed uncollectible after reasonable collection efforts have been taken be written off.Write-offs over $ 500 must be approved by the Controller or designee. 90011 90010 ARS will process the write-off transaction in EFS and a bad debt expense will be charged to the department. 90011 90010 If a receivable is subsequently collected from a customer, ARS will credit the collected revenue to the chartstring that received the bad debt expense. 90011 90038 90005 Sponsored receivables billed through EFS 90006 90002 Sponsored Financial Reporting (SFR) is responsible for and uses the following methods in the collection of outstanding sponsored receivables that have not been paid in full within 30 days or according to the terms of the agreement: 90003 90009 90010 Statements of account 90011 90010 Dunning e-mails 90011 90010 Telephone calls 90011 90010 Aging review 90011 90010 Office of the General Counsel 90011 90024 90025 90010 SFR will add collection notes to the Customer Conversation page in EFS documenting interactions with the sponsor.90011 90010 Departments should review the Accounts Receivable Aging report on a monthly basis and contact SFR or enter a Customer Conversation in EFS when they have information regarding an open invoice (e.g. service issues with a particular sponsor). 90011 90010 Departments must remove costs from sponsored projects to a non-sponsored program for amounts deemed uncollectible after reasonable collection efforts have been taken. Specific instructions for departments and SFR are outlined in Administrative Procedure: Moving Uncollectible Costs to Non-Sponsored Programs.90011 90038 90005 Non-sponsored receivables billed using approved financial system 90006 90002 Departments are responsible for and may use the following methods in the collection of outstanding receivables that have not been paid in full within 30 days for non-sponsored invoices generated in an approved financial system: 90003 90009 90010 Statement of account 90011 90010 Dunning letters or e-mails 90011 90010 Telephone calls 90011 90010 Aging review 90011 90010 Third-party collection agencies 90011 90010 Revenue Recapture Program 90011 90010 Office of the General Counsel 90011 90024 90025 90010 Departments should review an accounts receivable aging report generated by the approved financial system on a monthly basis and document interactions with the customer.90011 90010 Departments may turn over delinquent accounts to third-party collection agencies. Fees paid to collection agencies are the responsibility of the department. 90011 90010 Departments may take action to write-off amounts deemed uncollectible after reasonable collection efforts have been made. 90009 90010 Departments may write-off individual charges of $ 500 or less as long as they are well documented and approved by a department finance manager. 90011 90010 Departments must request prior approval from ARS for individual write-offs of more than $ 500.Requests should be sent to [email protected] and include the following information: customer name, invoice date, amount to be written off, and a summary of the collection efforts that have been taken. 90011 90010 Departments must retain documentation of write-off approvals. 90011 90024 90011 90010 If a receivable is subsequently collected from a customer, the collected revenue should be credited to the chartstring that received the bad debt expense. 90011 90038 .90000 Managing Billings to and Receivables from External Customers 90001 90002 Creating a Billing 90003 90004 Departments are responsible for accurate, timely billings to customers for non-sponsored receivables. Sponsored Financial Reporting (SFR) is responsible for generating accurate, timely billings to sponsors for sponsored receivables. These billings must be recorded in the University’s Enterprise Financial System (EFS) or a financial system approved by the Controller or designee.Departments should record receivables at the time the goods or services have been provided and not wait until the payment is received. Departments must have appropriate internal controls when working with accounts receivable such as separation of duties, processes to ensure appropriate payment application, and collection processes and procedures including write-offs. 90005 90004 Departments must select a payment term to be applied to the billing, not to exceed the term of Net 30 days unless otherwise stated in an approved contract.Sales tax must be collected (charged) that is applicable for the item or service being sold, the location where the goods or services are provided, and the customer’s tax status. Any adjustment or change to an existing invoice (credit only, credit and rebill, or chartstring correction) must be adequately documented and justified, in order to provide a complete audit trail. Departments that interface billing activity to EFS must reconcile the activity in the source system with EFS at least monthly to ensure all activity is being billed.90005 90002 Receiving Payment 90003 90004 All payments to the University should be in US Dollars. Payment methods accepted by the University are cash, check, electronic funds transfers (EFTs) and credit / debit cards (non-sponsored only). Departments will be charged for all fees associated with EFT or credit card payments. These fees should be factored into the department’s rates and can not be separately charged to a customer. 90005 90002 Collection and Write-off of Outstanding Receivables 90003 90004 Departments, SFR and Accounts Receivable Services (ARS) have a shared responsibility to monitor and follow a regular collection schedule with appropriate escalation actions for those receivables not paid in full within the 30 days.90005 90004 ARS is responsible for the collection of non-sponsored receivables in EFS. SFR is responsible for the collection of sponsored receivables. Departments provide assistance to ARS and SFR with collection as necessary. Departments utilizing an approved financial system should establish written collection procedures and make every effort to collect any outstanding receivables. Any outstanding balance, regardless of amount or the billing system, may be referred to either the Office of the General Counsel (OGC) or collection agencies if not resolved in a specified time period.90005 90004 If a customer has a pattern of non-payment to the University for sponsored or non-sponsored activity, they may be deemed not creditworthy by ARS or SFR. Departments may choose to discontinue providing goods or services or halt research until such a time as the internal credit rating has improved and the risk of non-payment has decreased. 90005 90004 Late fees may be charged on past due balances as provided by law and as permitted by contract. 90005 90004 Fees paid to collection agencies will be deducted from any monies collected from the customer.90005 90004 Departments must use a non-sponsored chartstring to cover expenses associated with a receivable that has been deemed uncollectible after all reasonable collection efforts have been taken. Departments are responsible for designating the non-sponsored chartstring to which these expenses will be charged. If the receivable (or portion thereof) is subsequently collected from the customer / sponsor, the collected amount will be credited to the chartstring that covered the expenses. Write-offs over $ 500 must be approved in advance by the University Controller or designee.90005 90026 90027 90028 Sponsored receivables 90029 — Departments are responsible for moving the uncollectible costs to a non-sponsored chartstring. If the department does not move the uncollectible costs, SFR will move the uncollectible costs to the default program and charge the department a fee to perform this service. 90030 90027 90028 Non-sponsored receivables 90029 — ARS is responsible for processing the write-off of non-sponsored receivables. 90030 90035 90002 Exception 90003 90004 Student accounts receivables are handled separately from this process.90005 90004 To maximize the University’s cash flow through the timely collection of receivables; minimize exposure from uncollectible receivables; and to increase the integrity of the financial statements through consolidation of receivables and revenues. To comply with contractual obligations and rules of the University’s banks and financial institutions. Promotes oversight and accountability for uncollectible costs by ensuring that all costs incurred are managed by the responsible units. Timely movement of uncollectible costs will result in proper classification of expenses, which will lead to more accurate and complete financial information, and increased compliance with regulations regarding costs and cash management.90005 .90000 PPT — Accounting for Receivables PowerPoint Presentation, free download 90001 90002 90003 90004 Accounting for Receivables 90005 Chapter 9 90006 90007 90008 90003 90004 Accounts Receivable 90005 C1 A receivable is an amount due from another party. This graph shows recent dollar amounts of receivables and their percent of total assets for four well-known companies. A company must also maintain a separate account for each customer that tracks how much that customer purchases, has already paid, and still owes.90006 90007 90014 90003 90004 Sales on Credit 90005 C1 On July 1, TechCom had a credit sale of $ 950 to CompStore and a collection of $ 720 from RDA Electronics from a prior credit sale. 90006 90007 90020 90003 90004 Sales on Credit 90005 C1 90006 90007 90026 90003 90004 Advantages of allowing customers to use credit cards: 90005 Credit Card Sales C1 Customers ‘credit is evaluated by the credit card issuer. Sales increase by providing purchase options to the customer. The risks of extending credit are transferred to the credit card issuer.Cash collections are quicker. 90006 90007 90032 90003 90004 Credit Card Sales 90005 C1 On July 15, TechCom has $ 100 of credit card sales with a 4% fee, and its $ 96 cash is received immediately on deposit. 90006 90007 90038 90003 90004 Credit Card Sales 90005 C1 If instead TechCom must remit electronically the credit card sales receipts to the credit card company and wait for the $ 96 cash payment, we will make the first entry on July 15, and the second entry on July 20, when the cash is received.90006 90007 90044 90003 90004 Installment Accounts Receivable 90005 C1 Amounts owed by customers from credit sales for which payment is required in periodic amounts over an extended time period. The customer is usually charged interest. Ford Motor Company reports more than $ 70 billion in installment receivables. 90006 90007 90050 90003 90004 Valuing Accounts Receivable 90005 P1 Some customers may not pay their account. Uncollectible amounts are referred to as bad debts. There are two methods of accounting for bad debts: • Direct Write-Off Method • Allowance Method 90006 90007 90056 90003 90004 Direct Write-Off Method 90005 P1 TechCom determines on January 23 that it can not collect $ 520 owed to it by its customer J.Kent. Notice that the specific customer is noted in the transaction so we can make the proper entry in the customer’s Accounts Receivable subsidiary ledger. 90006 90007 90062 90003 90004 On March 11, J. Kent was able to make full payment to 90005 TechCom for the amount previously written-off. Direct Write-Off Method -Recovering a Bad Debt P1 90006 90007 90068 90003 90004 Matching vs. Materiality 90005 P1 The matching (expense recognition) principle requires expenses to be reported in the same accounting period as the sales they helped produce.Materiality states that an amount can be ignored if its effect on the financial statements is unimportant to users ‘business decisions. The direct write-off method usually does not best match sales and expenses. 90006 90007 90074 90003 90004 Allowance Method 90005 P1 At the end of each period, estimate total bad debts expected to be realized from that period’s sales. Two advantages to the allowance method: It records estimated bad debts expense in the period when the related sales are recorded.It reports accounts receivable on the balance sheet at the estimated amount of cash to be collected. 90006 90007 90080 90003 90004 Recording Bad Debts Expense 90005 P1 TechCom had credit sales of $ 300,000 during its first year of operations. At the end of the first year, $ 20,000 of credit sales remained uncollected. Based on the experience of similar businesses, TechCom estimated that $ 1,500 of its accounts receivable would be uncollectible. 90006 90007 90086 90003 90004 Balance Sheet Presentation 90005 P1 TechCom had credit sales of $ 300,000 during its first year of operations.At the end of the first year, $ 20,000 of credit sales remained uncollected. Based on the experience of similar businesses, TechCom estimated that $ 1,500 of its accounts receivable would be uncollectible. 90006 90007 90092 90003 90004 Writing Off a Bad Debt 90005 P1 TechCom has determined that J. Kent’s $ 520 account is uncollectible. 90006 90007 90098 90003 90004 Writing Off a Bad Debt 90005 P1 The write-off does not affect the realizable value of accounts receivable. 90006 90007 90104 90003 90004 Recovering a Bad Debt 90005 P1 To help restore credit standing, a customer sometimes volunteers to pay all or part of the amount owed on an account even after it has been written off.On March 11, Kent pays in full his $ 520 account previously written off. 90006 90007 90110 90003 90004 Two Methods 90005 Percent of Sales Method Accounts Receivable Methods Percent of Accounts Receivable Aging of Accounts Receivable Estimating Bad Debts Expense P2 90006 90007 90116 90003 90004 Bad debts expense is computed as follows: 90005 Percent of Sales Method P2 90006 90007 90122 90003 90004 Percent of Sales Method 90005 P2 Musicland has credit sales of $ 400,000 in 2013. It is estimated that 0.6% of credit sales will eventually prove uncollectible. Let’s look at recording Bad Debts Expense for 2013. Musicland’s accountant computes estimated Bad Debts Expense of $ 2,400. 90006 90007 90128 90003 90004 Compute the estimate of the Allowance for Doubtful Accounts. 90005 Bad Debts Expense is computed as: Percent of Receivables Method P2 90006 90007 90134 90003 90004 Percent of Receivables Method 90005 P2 Musicland has $ 50,000 in accounts receivable and a $ 200 credit balance in Allowance for Doubtful Accounts on December 31, 2013.Past experience suggests that 5% of receivables are uncollectible. Desired balance in Allowance for Doubtful Accounts. 90006 90007 90140 90003 90004 Aging of Receivables Method 90005 P2 Classify each receivable by how long it is past due. Each age group is multiplied by its estimated bad debts percentage. Estimated bad debts for each group are totaled. 90006 90007 90146 90003 90004 Aging of Accounts Receivable 90005 P2 90006 90007 90152 90003 90004 Aging of Accounts Receivable 90005 P2 Musicland has an unadjusted credit balance of $ 200 in the allowance account.We estimated the proper balance to be $ 2,270. 90006 90007 90158 90003 90004 Summary of Methods 90005 P2 90006 90007 90164 90003 90004 Notes Receivable 90005 C2 A promissory note is a written promise to pay a specified amount of money, usually with interest, either on demand or at a definite future date. 90006 90007 90170 90003 90004 Computing Maturity and Interest 90005 C2 The maturity date of a note is the day the note (principal and interest) must be repaid. On July 10, TechCom received a $ 1,000, 90-day, 12% promissory note as a result of a sale to Julia Browne.The note is due and payable on October 8. 90006 90007 90176 90003 90004 If the note is expressed in days, base a year on 360 days 90005 using the «banker’s rule.» Even for maturities less than one year, the rate is annualized. Interest Computation C2 90006 90007 90182 90003 90004 Recognizing Notes Receivable 90005 C2 Notes receivable are usually recorded in a single Notes Receivable account to simplify recordkeeping. The original notes are kept on file, including information on the maker, rate of interest, and due date.To illustrate the recording for the receipt of a note, we use the $ 1,000, 90-day, 12% promissory note from Julia Browne to TechCom. TechCom received this note at the time of a product sale to Julia Browne. 90006 90007 90188 90003 90004 Recording an Honored Note 90005 P3 The principal and interest of a note are due on its maturity date. J. Cook has a $ 600, 15%, 60-day note receivable due to TechCom on December 4. 90006 90007 90194 90003 90004 Recording a Dishonored Note 90005 P3 The act of dishonoring a note does not relieve the maker of the obligation to repay the principal and interest due.TechCom holds an $ 800, 12%, 60-day note of Greg Hart. At maturity, October 14, Hart dishonors the note. 90006 90007 90200 90003 90004 Recording End-of-Period Interest Adjustments 90005 P3 On December 16, TechCom accepts a $ 3,000, 60-day, 12% note from a customer in granting an extension on a past-due account. When TechCom’s accounting period ends on December 31, $ 15 of interest has accrued on the note. $ 3,000 x 12% x 15/360 = $ 15 90006 90007 90206 90003 90004 Recording End-of-Period Interest Adjustments 90005 P3 Recording collection on note at maturity.$ 3,000 x 12% x 60/360 = $ 60 90006 90007 90212 90003 90004 Disposal of Receivables 90005 C3 Companies can convert receivables to cash before they are due. Selling Receivables Pledging Receivables 90006 90007 90218 90003 90004 Global View 90005 Recognition of Receivables Both U.S. GAAP and IFRS have similar asset criteria that apply to recognition of receivables. Further, receivables that arise from revenue-generating activities are subject to broadly similar criteria for U.S. GAAP and IFRS.Valuing of Receivables Both U.S. GAAP and IFRS require that receivables be reported net of estimated uncollectibles. Further, both systems require that the expense for estimated uncollectibles be recorded in the same period when any revenues from those receivables are recorded. Disposition of Receivables Both U.S. GAAP and IFRS apply broadly similar rules in recording dispositions of receivables. 90006 90007 90224 90003 90004 This ratio provides useful information for evaluating 90005 how efficient management has been in granting credit to produce revenue.Accounts Receivable Turnover A1 Net sales Average accounts receivable, net 90006 90007 90230 90003 90004 End of Chapter 9 90005 90006 90007.90000 PPT — Receivables PowerPoint Presentation, free download 90001 90002 90003 90004 Receivables 90005 Chapter 9 90006 90007 90008 90003 90004 Receivables 90005 • Monetary Claims • Arise from selling goods and services on credit and lending money • Two major types • Accounts Receivable • Notes Receivable 90006 90007 90014 90003 90004 Accounts Receivable 90005 • Arise from sales or service revenues • Should be converted to cash within normal receivable terms 90006 90007 90020 90003 90004 Direct Write-Off Method 90005 On August 12, 2000., Cayman Company sold $ 580 of merchandise on credit to Benson Brothers.On February 1, 2001., Cayman Company determines it can not collect the $ 580 from Benson Brothers 90006 90007 90026 90003 90004 Allowance Method 90005 The goal of the allowance method is twofold: • To record the expense of extending credit with revenues in the same accounting period, yielding a more accurate income statement. • To report accounts receivable on the balance sheet at the amount you expect to collect from customers. 90006 90007 90032 90003 90004 Estimating Bad Debts Expense 90005 Two Methods • Percent of Sales Method • Aging of Accounts Receivable Method 90006 90007 90038 90003 90004 Percent of Sales Method 90005 Bad debts expense is computed as follows: 90006 90007 90044 90003 90004 Percent of Sales MethodExample 90005 Baxter Company has credit sales of $ 700,000 in 2004.Baxter estimates 0.5% of credit sales are uncollectible. What is Uncollectible Accounts Expense for 2004? 90006 90007 90050 90003 90004 Aging of Accounts Receivable Method 90005 • Year-end Accounts Receivable is broken down into age classifications. • Each age grouping has a different likelihood of being uncollectible. • Compute a separate allowance for each age grouping. 90006 90007 90056 90003 90004 Aging of Accounts Receivable Example 90005 90006 90007 90062 90003 90004 Writing Off a Bad Debt 90005 With the allowance method, when an account is determined to be uncollectible, the debit goes to Allowance for Doubtful Accounts.Assume that on Feb. 1, Baxter Company deems a $ 580 account receivable from Benson Brothers to be uncollectible. 90006 90007 90068 90003 90004 Recovery of a Bad Debt 90005 Subsequent collections require that the original write-off entry be reversed before the cash collection is recorded. Assume that on June 5, Benson Brothers pays the amount owed. 90006 90007 90074 90003 90004 Credit Card Sales Example 90005 TechCom has a bank credit card sale of $ 100 to a customer. The bank charges a processing fee of 4%.The cash is received immediately. 90006 90007 90080 90003 90004 Credit Card and Bankcard Sales 90005 How would TechCom record a $ 100 non-bank credit card sale with a 2% service charge? 90006 90007 90086 90003 90004 Notes Receivable 90005 A note is a written promise to pay a specific amount at a specific future date. 90006 90007 90092 90003 90004 Identifying a Note’sMaturity Date 90005 • When the period is given in days … • the maturity date is determined by counting the days from the date of issue.• The date the note was issued is omitted. • The maturity date is counted. 90006 90007 90098 90003 90004 If the note is expressed in days, base a year on 360 days. 90005 Interest Computation 90006 90007 90104 90003 90004 End-of-Period Adjustments 90005 • When a note receivable is outstanding at the end of an accounting period, the company must prepare an adjusting entry to accrue interest income. 90006 90007 90110 90003 90004 Reporting Receivables 90005 • Some companies report a single amount for its current receivables in the body of the balance sheet.• They use a note to the financial statements to give more details. 90006 90007.