Most businesses offer their customers the option to pay on credit — often called “trade credit” — to provide added flexibility and convenience. When a customer purchases a product or service on credit ...

If you allow customers to pay via invoice at a later date, this is an accrual accounting practice. There are specific accounts used to record these transactions as the process goes from opening the ...

When clients owe you money, you shouldn’t have to move heaven and earth to collect it from them. If your accounts receivable system is a few years old, or still just consists of an Excel spreadsheet ...