Uncollectible Accounts in a sentence
Synonym: bad debts, irrecoverable.
Meaning: Debts that cannot be collected.
(1) The company wrote off the uncollectible accounts as bad debt.
(2) The bad debt expense was written off as uncollectible accounts.
(3) The CFO is closely monitoring the company's uncollectible accounts.
(4) The utility company charged off against its uncollectible accounts.
(5) The uncollectible accounts were a result of the customer's insolvency.
(6) The company's bad debt expense increased due to uncollectible accounts.
(7) The company decided to charge off the uncollectible accounts receivable.
(8) The finance department is analyzing the aging of uncollectible accounts.
(9) The CEO expressed concern over the high number of uncollectible accounts.
(10) The finance department is responsible for managing uncollectible accounts.
Uncollectible Accounts sentence
(11) The accountant suggested writing off the uncollectible accounts receivable.
(12) The CEO expressed concern over the rising number of uncollectible accounts.
(13) The company is offering discounts to customers with uncollectible accounts.
(14) The company is implementing a new software to track uncollectible accounts.
(15) The uncollectible accounts were a reminder of the risks of extending credit.
(16) The finance team is working on recovering funds from uncollectible accounts.
(17) The finance team is working on recovering some of the uncollectible accounts.
(18) The finance team is conducting a thorough analysis of uncollectible accounts.
(19) The company is taking legal action against some of the uncollectible accounts.
(20) The uncollectible accounts were a burden on the company's financial statements.
Uncollectible Accounts make sentence
(21) The auditor identified several uncollectible accounts during the annual review.
(22) The company is offering payment plans to customers with uncollectible accounts.
(23) The sales team is being trained on identifying potential uncollectible accounts.
(24) The company is reviewing its credit policies to minimize uncollectible accounts.
(25) The uncollectible accounts were a reminder of the importance of creditworthiness.
(26) The company implemented stricter credit policies to reduce uncollectible accounts.
(27) The auditor identified several uncollectible accounts during the financial review.
(28) The company is writing off a large portion of uncollectible accounts this quarter.
(29) The finance department is working on reducing the number of uncollectible accounts.
(30) The CFO is presenting a report on uncollectible accounts to the board of directors.
Sentence of uncollectible accounts
(31) The finance team is working on a plan to recover some of the uncollectible accounts.
(32) The business experienced a significant increase in uncollectible accounts this year.
(33) The company is implementing a new system to track and manage uncollectible accounts.
(34) The company is writing off a significant amount of uncollectible accounts this year.
(35) The company's uncollectible accounts have been steadily increasing over the past year.
(36) The company is implementing stricter collection procedures for uncollectible accounts.
(37) The company's write-offs for uncollectible accounts increased significantly this year.
(38) The company is considering hiring a collection agency to handle uncollectible accounts.
(39) The company is reviewing its credit approval process to minimize uncollectible accounts.
(40) The company is implementing a new software system to better track uncollectible accounts.
Uncollectible Accounts meaningful sentence
(41) The company is conducting a credit check on new customers to avoid uncollectible accounts.
(42) The company is considering hiring a collection agency to handle the uncollectible accounts.
(43) The finance department is analyzing the aging of uncollectible accounts to identify trends.
(44) The company is writing off a significant portion of its uncollectible accounts this quarter.
(45) The company is conducting a thorough investigation into the causes of uncollectible accounts.
(46) The CEO has set a target to reduce uncollectible accounts by 20% within the next fiscal year.
(47) The finance team is working on a report to present the current status of uncollectible accounts.
(48) The company is exploring options to sell its uncollectible accounts to a debt collection agency.
(49) The CFO is meeting with the sales team to discuss strategies for reducing uncollectible accounts.
(50) The finance team is collaborating with a debt collection agency to recover uncollectible accounts.
Uncollectible Accounts sentence examples
(51) The finance team is reaching out to customers with uncollectible accounts to negotiate payment plans.
(52) The finance team is working on improving the company's collection efforts for uncollectible accounts.
(53) The company is considering outsourcing the management of uncollectible accounts to a specialized firm.
(54) The company is implementing a stricter collection policy to reduce the number of uncollectible accounts.
(55) The finance department is conducting regular credit checks to minimize the risk of uncollectible accounts.
(56) The company is considering offering discounts to customers with uncollectible accounts to encourage payment.
(57) The CFO is presenting a report to the board of directors highlighting the financial impact of uncollectible accounts.
(58) The finance department is collaborating with legal counsel to pursue legal action against some uncollectible accounts.
(59) The company is considering offering incentives to the finance team for successfully recovering uncollectible accounts.
(60) The CFO is presenting a proposal to the board of directors to allocate more resources to address uncollectible accounts.
(61) The CFO is working on a forecast to estimate the potential impact of uncollectible accounts on the company's financials.
(62) The company is implementing a new training program for the sales team to improve the quality of accounts and reduce uncollectible accounts.
(63) The finance team is collaborating with the customer service department to address customer complaints that may lead to uncollectible accounts.
(64) The auditors recommended that the company establish stricter credit policies to minimize the need to write off as uncollectible accounts in the future.
Uncollectible Accounts meaning
Uncollectible accounts, also known as bad debts, refer to the accounts receivable that a company is unable to collect from its customers. When a customer fails to make payment for goods or services provided, the company may have to write off the outstanding amount as uncollectible. In this article, we will explore various tips on how to use the term "uncollectible accounts" in a sentence effectively.
1. Definition and Context: To begin with, it is crucial to provide a clear definition of uncollectible accounts before using the term in a sentence. For instance, "Uncollectible accounts are those outstanding balances that a company cannot recover from its customers due to non-payment or financial difficulties."
2. Accounting Terminology: When discussing uncollectible accounts, it is essential to use appropriate accounting terminology to convey your message accurately.
For example, "The company's balance sheet reflects a provision for uncollectible accounts to account for potential bad debts."
3. Business Scenario: To illustrate the concept of uncollectible accounts, it is helpful to provide a real-life business scenario. For instance, "Due to the economic downturn, many small businesses are struggling with uncollectible accounts, leading to a significant impact on their cash flow."
4. Impact on Financial Statements: Highlighting the impact of uncollectible accounts on a company's financial statements can enhance the understanding of the term.
For example, "The increase in uncollectible accounts resulted in a higher bad debt expense, which subsequently reduced the company's net income for the year."
5. Allowance for Doubtful Accounts: When discussing uncollectible accounts, it is essential to mention the concept of an allowance for doubtful accounts. This allowance represents the estimated amount of uncollectible accounts that a company expects to write off. For instance, "The company's management decided to increase the allowance for doubtful accounts to mitigate the risk of uncollectible accounts."
6. Collection Efforts: Emphasize the efforts made by a company to collect outstanding debts before classifying them as uncollectible accounts.
For example, "Despite rigorous collection efforts, the company was unable to recover the outstanding balance, resulting in the account being classified as uncollectible."
7. Write-Off Process: When using the term "uncollectible accounts," it is essential to explain the write-off process. This process involves removing the uncollectible accounts from the company's accounts receivable. For instance, "The finance department wrote off $10,000 in uncollectible accounts, reducing the company's accounts receivable balance."
8. Impact on Cash Flow: Highlight the impact of uncollectible accounts on a company's cash flow to provide a comprehensive understanding.
For example, "The increase in uncollectible accounts had a detrimental effect on the company's cash flow, as it reduced the amount of cash collected from customers."
9. Industry-Specific Examples: To make your sentence more relatable, consider providing industry-specific examples of uncollectible accounts. For instance, "In the healthcare industry, uncollectible accounts often arise due to patients' inability to pay their medical bills."
10. Importance of Monitoring: Lastly, emphasize the importance of monitoring uncollectible accounts to manage financial risks effectively.
For example, "Regularly monitoring uncollectible accounts allows companies to identify potential bad debts early on and take appropriate measures to minimize their impact."
In conclusion, effectively using the term "uncollectible accounts" in a sentence requires providing a clear definition, using appropriate accounting terminology, and highlighting its impact on financial statements and cash flow. By incorporating these tips, you can enhance your understanding and communication of this specific term.
The word usage examples above have been gathered from various sources to reflect current and historical usage of the word Uncollectible Accounts. They do not represent the opinions of TranslateEN.com.