Money owed that has not been paid to you after a period of time is commonly known as a bad debt.
Money you can't collect. Businesses are allowed to deduct bad debts under certain circumstances. If a bad debt is personal, it may be deducted in some cases as a short-term capital loss. Loans between family members generally are classified as non-business.
If a customer of a business fails to pay the bill for goods or services received, the unpaid amount is a "bad debt". Although the sale is included in the declared turnover, the bad debt is an allowable expense. Where tenants fail to pay rent due, the bad debts are allowable rental expenses.
Money owed to you that you can't collect
Debts which are regarded by companies as being unpaid, and will unlikely to be paid.
The money somebody owes you, if you can't get it back, or if you can't be sure you'll be able to get everything you lent back from those you gave the loan to.
money owed to your company that will not be paid.
Money that cannot be collected is considered bad debt. Businesses can deduct bad debts under certain circumstances. If a bad debt is personal, it can also be deducted in some instances as a short-term capital loss.
amounts owed to a company that are not going to be paid. An account receivable becomes a bad debt when it is recognized that it won't be paid. Sometimes, bad debts are written off when recognized. This is an expense. Sometimes, a reserve is set up to provide for possible bad debts. Creating or adding to a reserve is also an expense.
Money owed to you that cannot be collected.
Amount owed to a firm by a customer that won't be recovered.
Business accounts receivable that have been included in income in a prior year that are uncollectible, legally binding debts owed to the taxpayer that are totally worthless and uncollectible, and debts the taxpayer must pay that he or she guaranteed in connection with his business or for a profit may be deductible as bad debts.
Uncollectible, legally binding debts that are owed to you but you probably will never receive. These may be tax-deductible.
Funds owing to a business which are determined to be uncollectible.
Money owed that can't be collected. Businesses will write off or charge off bad debts from their books, but that is an accounting procedure, and does not necessarily end attempts by a business to collect bad debts. The company that charges off a bad debt may sell that debt to a debt collection firm.
