Creating a solid cash flow for your business relies on optimizing how money comes in and goes out. You send out invoices, and ideally, people pay you the total amount without becoming past due. You place orders and pay on

Banks like to see large values for accounts receivable on a company's balance sheet. A larger value of accounts receivable proves that a company gets a healthy amount of business and generally indicates solid cash flow. Having more money in

Bookkeeping can be overwhelming if you let it be. There are many moving parts to keep track of, including invoices, receipts, bills, accounts receivable, accounts payable, and more. And all this has to be meticulously maintained to maintain financial excellence

When a company's accountant or bookkeeper opens up the subsidiary ledger to check the account balances, occasionally, they may run into a situation where they have a credit balance. A credit balance can seem odd because it indicates that your

Accounts Receivable Reconciliation: A How-To Every business needs positive cash flow. That’s probably not a revelation, but how do you know how much money you’ve been paid and how much is still owed to you? Accounts Receivable Reconciliation is the

Terminology is important. When you call something a "liability" or an "asset," you need to remember that you're not describing how we feel about that object or concept — you're using terms that someone in bookkeeping would use to relate