When a business takes a write-off, it is a deduction in the value of earnings by the amount of an expense or loss. When a business makes a sale or a deal with a client, with an understanding that the ...

Sometimes, you have to remove uncollectible invoice amounts from your books. Here's how to do it in QuickBooks. Many, or all, of the products featured on this page are from our advertising partners ...

Collecting a company's accounts receivable is a routine task until an account stops paying. Companies write off small balances when the time and money spent to collect the amount due exceeds the ...

Learn if you can write off unpaid invoices and take steps that prevent unpaid invoices from happening again. Many, or all, of the products featured on this page are from our advertising partners who ...

Oil and gas expert Toyin Akinosho says profit declarations can coexist with debt, urges NNPC to focus on operations and ...

On Tuesday, June 30, Royal Dutch Shell (RDS.A) (RDS.B), a leading oil-and-gas company, announced it would take an asset write-off — slashing its asset values on the balance sheet — of between $15 ...

Nigeria’s oil governance has again come under public scrutiny following President Bola Ahmed Tinubu’s approval of the ...

Tax write-offs allow businesses to reduce taxable income by debiting expense accounts. Common write-offs include bad bank loans, unpaid customer bills, and damaged inventory. A write-off often means ...

When the Federal Government approved the write-off of about $1.42 billion and N5.57 trillion in legacy debts owed by the ...

Accounting firms have been doing write-up work since well before computers were available. When computers became affordable, many switched over to using general ledger applications, sometimes on ...

Before the advent of the personal computer, computerizing a business' accounting was a daunting experience, costing thousands of dollars just for the software component. Many companies hired a team of ...