Examlex
Accounts receivable are usually not classified as a current asset.
Uncollectible Accounts
Accounts receivable that are considered unlikely to be collected and are therefore written off as a loss by a business.
Aging of Accounts Receivable
A method used to categorize accounts receivable based on the length of time an invoice has been outstanding, to manage and collect debts effectively.
Allowance for Doubtful Accounts
A contra-asset account used to estimate the amount of receivables that may not be collected.
Bad Debts Expense
An expense account reflecting the cost of accounts receivable that a company does not expect to collect, typically due to customers' inability to pay.
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