6. ACCOUNTS RECEIVABLE
Accounts receivable, net consists of:
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As of December 31, |
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2012 |
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2013 |
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Billed receivable |
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$ |
106,882 |
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$ |
98,421 |
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Unbilled receivable |
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140,197 |
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161,675 |
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247,079 |
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260,096 |
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Less: Allowance for doubtful accounts |
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16,386 |
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13,646 |
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$ |
230,693 |
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$ |
246,450 |
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Revenue in excess of billings is recorded as unbilled receivable and included in accounts receivable. These amounts become billable according to the contract terms.
Movement of the allowance for doubtful accounts is as follows:
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As of December 31, |
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2011 |
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2012 |
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2013 |
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Balance at the beginning of the year |
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$ |
3,698 |
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$ |
4,002 |
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$ |
16,386 |
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Balance brought forward from VanceInfo |
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— |
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10,197 |
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— |
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Allowance for doubtful accounts |
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477 |
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5,153 |
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|
343 |
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Write-off |
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(388 |
) |
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(2,751 |
) |
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(2,978 |
) |
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Foreign currency translation adjustments |
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|
215 |
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(215 |
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(105 |
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Balance at the end of the year |
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$ |
4,002 |
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$ |
16,386 |
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$ |
13,646 |
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