Saturday, November 6, 2010

Q&A: I am starting my own business. What is an acceptable percentage to allow for bad debt?

Question by grbrgrl1: I am starting my own business. What is an acceptable percentage to allow for bad debt?
I am starting my own business. What is an acceptable percentage to allow for uncollected customer accounts? In other words, bad debt expense?


Best answer:
Answer by laughter_every_dayThere is no general answer. if you are starting a pay-day loan place, it will be a lot. If it is a dry-cleaner, it will be less.

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