Outstanding accounts receivable can put pressure on a small business even when sales are strong. You may have completed the work and sent the invoice, but until the customer pays,…

Keeping cash moving through your business is just as important as making sales. When you sell something on credit, though, the money does not always come right away. Until your…

For a small business, making a sale is only half the job. You also need to make sure the customer actually pays. One or two late payments might not cause…

Accounts Receivable tracks the revenue owed from the customers at any given point in the financial year. As the business records an increase in sales, so does the balance of…

The two major parts of a company’s working capital are its current assets and liabilities. Additionally, both these accounting entries are a part of the double-entry bookkeeping. These general ledger…

Every business works for a profit motive. The business can earn profits by selling its products in two ways: Cash Basis (Cash Trade) Credit basis (or Outstanding Receivables) If you…