In contrast to cash basis accounting, accrual basis accounting permits businesses to record sales made on credit as revenue as long as they meet certain conditions. First, the transaction that ...

Any time your business has a claim against a debtor for a short-term extension of credit, you will use an accounts receivable entry in your financial records and send an invoice to request payment ...

What Is the Difference between Accounts Receivable and Accounts Payable? Your email has been sent Accounts payable and receivable are required to ensure your cash flow and spending are appropriately ...

Greg DePersio has 13+ years of professional experience in sales and SEO and 3+ years as a writer and editor. Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, ...

There’s a well-known saying in business that “cash is king,” but it’s effective accounts receivable policies and procedures that will help your team have faster access to the cash it needs to ...

Not all forms of accounting are the same. Some focus on costs, others on audits and some focus on taxes. While having a solid handle on your business’s finances is essential, how you track business ...

Every business has some dead accounts receivable on its books. Reviving them might not be worth the effort but managing them might be. Processing Content Any business that lets past-due accounts ...

Heading into the world of Accounts Receivable can be complex, especially for small businesses. Being able to understand and manage your Accounts Receivable (A/R) is an important part of maintaining a ...

With a full new year in front of us, there’s no better time for CFOs to reflect on the opportunities and challenges that lie ahead. But as finance and accounting organizations are expected to be ever ...