How does a Treasurer set the appropriate amount to keep in the balance of the Bad Debt

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How does a Treasurer set the appropriate amount to keep in the balance of the Bad Debt Reserve account? What is the purpose of keeping a reserve for Bad Debt (or any reserve)? Which departments want the Bad Debt reserve kept as low as possible and which want the reserve to be kept as high as allowable? Why do these departments feel their opinion about the reserve is the best way?

Posted Date: May 19, 2024 09:07 PM

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How does a Treasurer set the appropriate amount to keep in the balance of the Bad Debt

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