Write-off of bad debts means that enterprises treat all kinds of accounts receivable that are really irrecoverable as bad debt losses on the basis of inventory and verification, and deal with them in time. If it belongs to the production and operation period, it shall be regarded as the current profit and loss; If it belongs to the liquidation period, it shall be regarded as liquidation profit and loss. After the disposal of bad debt losses, they shall be reported to the competent tax authorities in accordance with the relevant provisions of the tax law and accounted for in accordance with the methods stipulated in the accounting system.

There are two accounting methods for bad debt losses. One is to write off directly. Regarding direct write-off, we should also grasp the following two points: first, this method does not conform to the accrual basis and the principle of matching;

The second is the subsidy law. Debit the "asset impairment loss" account (management fee in the old standard and asset impairment loss in the new standard)