Unless you work in accounting, you might not understand exactly what the words “account receivable” actually mean. Often shortened to A/R or AR, accounts receivable constitutes the money owed to a business. In contrast, accounts payable is a reference to the money the business pays to other businesses and entities.
We are generally industry agnostic when it comes to the clients we serve, but we count a significant portion of our.
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..
Most businesses that invoice customers later struggle with getting all their customers to pay in full and on time..
No business can operate over the long term without generating sufficient cash inflows. Even a profitable firm will.
