Topics: accounts receivable, accounts payable, aging report
Aging is an accounting process that tells you how long you've had an asset or how long a bill has gone unpaid. Unlike turnover ratios, which give you averages, aging tracks specific line items and can help you to identify outliers.
Spreadsheets are versatile enough to manage almost all types of information, but they may not scale up when processing.
How much time do you spend thinking about your business' accounting technology and workflow? In an ideal situation,.
Whether you want your business to have a single owner forever or you're actively seeking investors, you need to have.
Jack Welch, former chairman and CEO of General Electric once said, "Number one: cash is king." You could say this is.
When a business is considering making a change in its accounting services, many factors are given consideration and due.
Your business may have implemented procedures to help prevent bookkeeping fraud, but they're not 100 percent.
