A client has been late paying for months — should I provision for it now?

IFRS 9 changed the logic of provisioning: instead of waiting for a client to actually default (the old incurred-loss model), you now estimate expected credit loss on receivables from day one, and increase the provision as default indicators build up — late payment, suspended dealings, rescheduling.

Practically, that means a client who's been silent and unpaid for months needs a larger provision than one who's a week late but responsive. RASEEKH builds a clear provisioning policy for your file instead of a one-off year-end guess, so the statements hold up in front of an auditor or a bank.