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Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services
30, March
2021

Everything You Need to Know About Accounts Payables

Accounts payable is a detailed list of a company's debt and liability owed from the purchase of services and goods. Receiving goods without payment and buying goods on credit are both recorded as accounts payable, too. Accounts payable is also known as trades payables. Basically, accounts payable is the liability to a creditor. Staff payroll and leases are not a part of accounts payable. Accounts payable is like having a credit balance to work with. When done right, accounts payable should reflect a credit balance that is equal to the outstanding vendor invoices.

31, August
2017

What is Aging and How Does it Help Your Business?

Aging is an accounting process that tells you how long you've had an asset or how long a bill has gone unpaid..

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1, August
2017

Dennis Najjar Joins LORMAN Faculty to Offer Educational Accounting Webinar to Professionals and Executives

AccountingDepartment.com is proud to announce that co-founder Dennis Najjar, CPA, CGMA has joined LORMAN as a.

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11, July
2017

10 Best Practices in Billing and Collections

Cash flow problems can sink even profitable businesses. Not having a modern, efficient accounts receivable system in.

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