Any time your business has a claim against a debtor for a short-term extension of credit, you will use an accounts receivable entry in your financial records and send an invoice to request payment ...

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 ...

What Is the Difference between Accounts Receivable and Accounts Payable? Your email has been sent Accounts payable and receivable are required to ensure your cash flow and spending are appropriately ...

Heading into the world of Accounts Receivable can be complex, especially for small businesses. Being able to understand and manage your Accounts Receivable (A/R) is an important part of maintaining a ...

The B2B payment landscape has undergone several significant shifts in recent years, with a clear trend toward digital payments and automation. Many B2B transactions that once relied on paper checks or ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Game theory studies the decision-making and possible outcomes in games. For decades, it has ...

Contra accounts adjust asset values, like equipment depreciation reducing fixed assets. Increased allowance for doubtful accounts may signal rising uncollectable receivables. Companies use contra ...

Payments owed to nonprofit health systems are rising despite efforts to improve collections ahead of federal funding cuts.