{"id":10411,"date":"2024-01-21T02:33:49","date_gmt":"2024-01-21T02:33:49","guid":{"rendered":"https:\/\/www.hashmicro.com\/blog\/?p=10411"},"modified":"2025-06-05T09:04:18","modified_gmt":"2025-06-05T09:04:18","slug":"bad-debts","status":"publish","type":"post","link":"https:\/\/www.hashmicro.com\/blog\/bad-debts\/","title":{"rendered":"Understanding Bad Debts which Affect Company’s Profit"},"content":{"rendered":"\r\n

Bad debts are an expense that a business incurs once the repayment of credit previously extended to a customer is estimated to be uncollectible and is thus recorded as a charge-off. Companies do business by selling products whose purpose is to make a profit.<\/p>\r\n

However, with the existence of receivables, the situation is reversed. The company gets terrible credit because the buyer does not pay the loan. Non-performing loans eventually become debt which reduces net income. To avoid this, use an accounting system<\/a> so that financial statements are maintained.<\/p>\r\n

\"Free<\/a><\/span><\/p>\r\n

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