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<p>record an <a href="page.php?w=allowance_for_bad_debts">allowance for doubtful accounts</a> which appears on the balance sheet as a <a href="page.php?w=contra_account">contra account</a> that offsets total accounts receivable. When accounts receivable are not paid, some companies turn them over to third party <a href="page.php?w=Collection_agency">collection agencies</a> or <a href="page.php?w=Creditor%27s_rights">collection attorneys</a> who will attempt to recover the debt via negotiating payment plans, settlement offers, or pursuing other legal</p><p>
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