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 ...

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 ...

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 ...

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 ...

Dunning refers to making insistent demands for the payment of a debt and refers to the collections process when used in a ...

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 ...

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 ...

Small business cash flow issues aren’t rare. Many businesses wait weeks-;even months-;to get paid on outstanding accounts receivable. This creates cash flow issues, since they provide their goods and ...

In today’s fast-paced business environment, the ability to streamline accounting processes and improve financial workflows is more important than ever. Small businesses, in particular, face unique ...