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The mechanistic design is characterized by decentralization, wider spans of control, and few rules and procedures.
Service Fees
Charges for services provided, often seen in banking, professional services, and maintenance sectors.
Outstanding Checks
Checks that have been written and recorded in the issuing company's books but not yet cleared or deducted from the bank's cash balance.
Allowance Method
An accounting technique used to estimate and record bad debts expense from credit sales based on expected credit losses.
Uncollectible Account
An account receivable that cannot be collected due to the debtor being unable or unwilling to pay.
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