When a business makes sales on credit, even customers with the best credit record and financial standing can go bankrupt and fail to pay the bills they owe. To better match the credit risk to the ...

Steve Schaffer, CEO of the coupon website Offers.com, created a unique allowance system to help teach his three children, ages 10, 12 and 14, about money. He and his wife dole out $5 plus 50 cents per ...

Bad debt expense is the loss from doing business with customers who are later unable to pay for the services or goods they received. The expense is booked to the general ledger once all credit and ...