Most businesses offer their customers the option to pay on credit — often called “trade credit” — to provide added flexibility and convenience. When a customer purchases a product or service on credit ...

Cash is queen in a business, and you need a cash management system. One of the most critical components of cash flow involves managing your accounts receivable. However, managing accounts receivables ...

If your accounts receivable team is working harder than ever to collect payments and preserve cash flow, it may be time to automate your accounts receivable management. Here are six things you can ...

As a business owner, you know that accounts receivable (AR) is money owed to a business by its customers. When you extend credit to a customer for the purchase of goods or services, the balance owed ...

Accounts receivable is defined as an asset that reflects a future payment. In actuality, an accounts receivable is a debt. How your business deals with the debt obligation, and the terms of the debt, ...

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 ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Staying on top of your accounts payable (AP) and ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. If your accounts receivable team is working harder than ...