Writing off overpayments – absconds

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    We developed a new write off policy earlier in the year designed to trim down our debt portfolio.

    Although we had previously included absconds, our CFO has queried whether we should impose a minimum time period of 18 months since the invoice was raised, before considering writing these off. The query came as the result of some spot checks that showed a number of absconds turning up again after their debts were written off. If they turn up on HB locally again, we write the debt back in, but would not know to do so if they make no claim.

    I’ve had a quick google on the net but can’t find much in the way of policies.


    1) Do other people have a minimum time period on absconds?
    2) Does anybody have any information / studies concerning proportions of absconds turning up again after a period of time?


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