write off uncollectible account

简明释义

冲销坏帐

英英释义

例句

1.In their audit report, the auditors noted that the company should write off uncollectible account to maintain accurate records.

在他们的审计报告中，审计师指出公司应该注销无法收回的账户以保持准确的记录。

2.Due to the economic downturn, many businesses were forced to write off uncollectible account to reflect their true financial position.

由于经济衰退，许多企业被迫注销无法收回的账户以反映其真实的财务状况。

3.The company had to write off uncollectible account as part of their year-end financial adjustments.

公司不得不将注销无法收回的账户作为年终财务调整的一部分。

4.The finance team recommended to write off uncollectible account that had been outstanding for over a year.

财务团队建议注销无法收回的账户，这些账户已经逾期超过一年。

5.After reviewing the financial statements, the accountant decided to write off uncollectible account due to the long-standing overdue invoices.

在审查财务报表后，会计决定注销无法收回的账户，因为有长期逾期的发票。

作文

In the world of business and finance, managing accounts receivable is crucial for maintaining healthy cash flow. One key aspect of this management process is identifying when to write off uncollectible account, which refers to the practice of recognizing that certain debts are unlikely to be collected. This decision is not taken lightly, as it can significantly impact a company's financial statements and overall profitability.When a business extends credit to its customers, it does so with the expectation of receiving payment in return. However, there are times when customers may fail to pay due to various reasons such as bankruptcy, disputes, or simply a lack of funds. In such cases, the company must assess the likelihood of collecting these debts. If it becomes clear that the customer will not pay, the business may decide to write off uncollectible account.Writing off an uncollectible account involves removing the amount owed from the company’s balance sheet. This action reflects a more accurate financial position, as it acknowledges that the asset (the receivable) will not convert into cash. It is essential for businesses to regularly review their accounts receivable and make necessary adjustments to ensure their financial reporting is truthful and transparent.The process of writing off uncollectible accounts typically follows a series of steps. First, the business must attempt to collect the debt through various means such as sending reminders, making phone calls, and even engaging collection agencies. If these efforts prove unsuccessful over a reasonable period, the company can then consider writing off the account. Additionally, businesses often have policies in place that dictate how long they will pursue a debt before deeming it uncollectible.It is important to note that writing off an account does not mean the company has given up on collecting the debt entirely. In some cases, businesses may still pursue collection efforts after the write-off, especially if new information arises or if the customer's financial situation improves.From an accounting perspective, writing off uncollectible accounts affects both the income statement and the balance sheet. When an account is written off, it is recorded as an expense, which reduces the net income for that period. This is why businesses must carefully monitor their accounts receivable and maintain accurate records. Furthermore, many companies use an allowance method to estimate bad debts, which allows them to anticipate potential write-offs and adjust their financial statements accordingly.In conclusion, the practice of writing off uncollectible account is a vital component of effective financial management. It helps businesses maintain accurate financial records, reflect a true picture of their assets, and ultimately make informed decisions regarding credit policies and customer relationships. Understanding when and how to write off uncollectible accounts is essential for any business aiming to sustain its operations and thrive in a competitive marketplace. By implementing sound accounting practices and staying vigilant in monitoring receivables, companies can navigate the challenges of uncollectible debts and focus on their growth and success.

在商业和金融的世界中，管理应收账款对于维持健康的现金流至关重要。这个管理过程中的一个关键方面是识别何时核销无法收回的账户，这指的是承认某些债务不太可能收回的做法。这个决定并不是轻易做出的，因为它可能会对公司的财务报表和整体盈利能力产生重大影响。当企业向客户提供信贷时，它是基于期望能够收到付款。然而，有时客户可能由于破产、争议或简单的资金不足而未能付款。在这种情况下，公司必须评估收回这些债务的可能性。如果显然客户不会付款，企业可能会决定核销无法收回的账户。核销无法收回的账户涉及从公司的资产负债表中移除所欠金额。这一行为反映了更准确的财务状况，因为它承认该资产（应收账款）将无法转化为现金。企业定期审查其应收账款并进行必要调整，以确保其财务报告真实透明是至关重要的。核销无法收回账户的过程通常遵循一系列步骤。首先，企业必须通过发送提醒、拨打电话甚至聘请催收机构等多种方式尝试收回债务。如果这些努力在合理的时间内没有成功，公司就可以考虑核销该账户。此外，许多企业都有政策，规定在认为债务无法收回之前将追讨多久。需要注意的是，核销账户并不意味着公司完全放弃收回债务。在某些情况下，企业可能在核销后仍会追讨债务，特别是在出现新信息或客户的财务状况改善时。从会计的角度来看，核销无法收回的账户会影响损益表和资产负债表。当一个账户被核销时，它会被记录为费用，从而减少该期间的净收入。这就是为什么企业必须仔细监控其应收账款并保持准确记录。此外，许多公司使用备抵法来估计坏账，这使他们能够预见潜在的核销并相应地调整财务报表。总之，核销无法收回的账户的做法是有效财务管理的重要组成部分。它帮助企业保持准确的财务记录，反映出其资产的真实情况，并最终就信贷政策和客户关系做出明智的决策。理解何时以及如何核销无法收回的账户对于任何希望维持运营并在竞争激烈的市场中取得成功的企业来说都是至关重要的。通过实施健全的会计实践并保持对应收账款的警惕，公司可以应对无法收回债务的挑战，专注于其增长和成功。