All Industries, Financial Model |
Accounting, Accounts Receivable, Bad Debt, CFO, Excel |
Can be used in any industry. This spreadsheet should be updated monthly by your accounting staff.
Using the balances from your accounts receivable (current, over 30, over 60, etc. ) and applying a reserve percentage, the sheet will calculate how much you should have set aside. As well there is a section for specific reserve, for clients who you may want to reserve a larger amount.
Simple to use, but takes the hassle out of understanding how to calculate the monthly reserve amount.
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