Remove accountant Remove accrual accounting Remove Sales Remove what is accounting
article thumbnail

Getting Paid 101: Accounts Payable and Accounts Receivable

xendoo

If you’re managing a business—and your books—you’ve probably had to learn what is accounts payable vs. accounts receivable. . Accounts payable and accounts receivable are two different sides of the same coin. Without a deep understanding of your accounts payable and receivable, you could face costly setbacks.

article thumbnail

Understanding Accounts Receivable (AR): Accounting Basics You Need to Know

Snyder

However big or small your business is, you’re familiar with the notions of accounts receivable and accounts payable as integral parts of accounting. Understanding what each account is and how it functions is a must so that you can track your cash flow and know your current financial standing. Let’s dive in!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Accounts Receivable (AR) Automation: The Solution To The Collection Problem

Accounting Seed

If you’re running a booming business with plenty of credit sales, it’s great news for your company. You’re constantly entering sales figures in accounts receivable (AR), invoicing customers, remembering whether they’ve paid, contacting them if they haven’t, and adjusting AR when they settle up. What are Accounts Receivable?

Account 52
article thumbnail

Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

You essentially become a jack of all trades – from sales, through customer care all the way to marketing. But the most important aspect of any business is accounting. So let’s take a look at how to do basic business accounting, understand what your books tell you, and how to manage them efficiently with helpful software.