Discussion:Industry Average for Bad Debt Expense?

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Discussion Forum Index --> Accounting Questions --> Industry Average for Bad Debt Expense?

FFM311 (talk|edits) said:

1 April 2013
I was working on this client and I used the balance sheet approach to determine that amount of bad debt to be written off. I was about to use the same % from last year's workpapers when I told to research the "industry average" to see if the percentage changed. I did a search and could not find anything. Is there a guide available online or a table or is it best to search a public company and compare their % of AR to be written off? This company is privately-held. Is it okay to use the same %?

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