When performing the financial side of your small business operations, you'll come across several accounting and bookkeeping terms when making financial reports and balance sheets. One such term is accounts receivable. Often, this term goes hand-in-hand with the phrase accounts payable. However, they are two different financial practices in your business operations.
Unless you work in accounting, you might not understand exactly what the words “account receivable” actually mean..
Accounts payable is a detailed list of a company's debt and liability owed from the purchase of services and goods..
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.
AccountingDepartment.com is proud to announce that co-founder Dennis Najjar, CPA, CGMA has joined LORMAN as a faculty.
Cash flow problems can sink even profitable businesses. Not having a modern, efficient accounts receivable system in.
