Accounts receivable is part of the current assets section of the balance sheet. It represents the total amount due from customers. If the company decides that a specific amount is an uncollectible bad ...

Discover how long accounts receivable can stay outstanding, what impacts they have on businesses, and strategies for managing ...

The direct write-off of accounts receivable is primarily used by small companies for financial reporting, but is required by all companies in determining their tax obligation to the Internal Revenue ...

Understand the vital role of analyzing accounts receivable in assessing a company's financial health and stability through ...

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 ...

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.

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 ...