Using Microsoft Excel / Google Sheets Do you have credit sales? Do you feel cumbersome keeping track of due dates and aging accounts receivable? Would you like to have your clients on a worksheet easy to maintain? The answers to these and other questions can be answered with an Account Receivable Subsidiary with an Aging….
Tag: Accounts Receivable
How to Manage a Business’ Accounts Receivable?
This site contains affiliate links to products and services. We may receive a commission for purchases made through these links. Definition: Amounts owed to the business by individuals or businesses. Receivables arise from credit sales of goods or services. To the company, these represent current assets; several companies have large amounts of accounts receivable. Financial…
How to Convert Cash to Accrual Basis
In the world of accounting, understanding the difference between cash basis and accrual basis accounting is crucial for businesses of all sizes. While the cash basis method records revenues and expenses when cash is received or paid, the accrual basis method recognizes revenues and expenses when they are incurred, regardless of cash flow. For many…