article thumbnail

Accounts payable vs. accounts receivable: What are the differences?

ThomsonReuters

When accounts payable and accounts receivable are in balance, a business can plan ahead for growth. If out of balance, immediate attention is needed to regain financial wellbeing. As an accountant, your clients depend on you to help manage their finances. Is billing AP or AR?

article thumbnail

Attention, Soon-to-be-Accountants: Governments Need You

CPA Practice

Clearly the career track for CPAs in the corporate world offers more glamorous and lucrative opportunities, and the sophistication and competitive nature of business finance often presents more challenges to maximize profitability that in turn yield performance opportunities for ambitious youngsters.

article thumbnail

NetSuite for Government Helps State and Local Agencies Move to the Cloud for Better Efficiency

CPA Practice

With built-in industry-specific functionality, such as Governmental Accounting Standards Board (GASB) reporting, organizations can reduce manual work to refocus staff on higher value opportunities that better serve their communities. “No