California | Business Law
5/30/08, 10:46 am
Legal Question
Collections Vs. Write Offs
I have a service business. It costs
me about $50 for everything I need
to give the service and I charge
about $295. Some of my accounts
are very past due and my question is
as follows. Is it better to turn an
account over to collections or just
write it off as a business loss. And if
I write it off do I write off the $50 or
the $295 that was billed.
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Read More Answered By: Jonas Grant |
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