Kimmel Other resou rces can be found on the text book web page. Less than one year, more than one year, with and without periodic payments Notes discounted. Two acceptable methods exist for accounting for uncollectible accounts . Be sure that you know the difference between these methods and how to apply them. Accounting for uncollectible accounts requires estimation of expected bad debts.
Companies commonly provide incentives for customers who pay quickly.
Some notes receivable do not carry a stated interest rate. Make sure that you know how to account for non-interest bearing notes. Getting Quick Cash from Receivables. How to make sure your fees are collected. Robert L. Lowes.