Delinquent Accounts Receivable


If a bookkeeper reviews delinquent accounts receivable and finds that a relative of his has not paid his account of $550, and you know he had been having financial difficulties, so you set his account aside and don't include it with other past due accounts sent to a credit agency, how would you comment on this action?

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Dec 08, 2017
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Unpaid Accounts Receivable
by: Stephanie

Thank you for your question regarding delinquent accounts receivable from a relative. An owner can provide different terms to different vendors and can designate loans vs accounts receivable.

It sounds like the relatives unpaid balance should be moved and tracked as a loan going forward, if it is going to be treated different that the other delinquent Accounts Receivables.

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