Introduction to Bulk Write-Off
A bulk write-off refers to the process of writing off a significant number of accounts or a large amount of debt in a single transaction. Instead of individually reviewing and approving each write-off case, a bulk write-off is a feature that will allow Bboxx to expedite the process by addressing multiple uncollectible accounts collectively. Here are some key points regarding bulk write-offs:
Why Bulk Write-Off
Efficiency and Time Savings: Bulk write-offs are typically employed when dealing with a large volume of uncollectible accounts. Instead of reviewing and approving each case individually, a bulk write-off streamlines the process and saves time. This is particularly useful when there are numerous small-balance accounts or a backlog of uncollectible debts.