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

Snyder

What is accounts receivable (AR)? Account receivable vs account payable. Understanding the accounts receivable process. Why you need accounts receivable. Accounts receivable turnover ratio. Accounts receivable aging schedule. What to do to have fewer overdue payments. Contents: 1.

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

All small business owners need to be familiar with basic accounting and bookkeeping, as it gives them a clear picture of the state of their finances, allows them to make informed business decisions, and lets them react to any adverse changes faster. Small business accounting basics. Income statement.