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…

Account receivables showing there on balance sheets clearly should be interpreted as the amount the company is assured of being paid by its liable customers at a particular date in…

Controlling the accounts receivable is the biggest challenge for any business. One is also so relieved and happy when one makes a new sale and sends out an invoice. The…