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,…

Maintaining a healthy cash flow is essential for business growth. While credit sales can help increase revenue, businesses must track whether customers are paying invoices on time. This is where an…

Late payments are one of the biggest challenges for small and growing businesses. While making a sale is important, it doesn’t improve cash flow until the payment reaches your bank account. When invoices remain unpaid…

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…