Inflation is at its highest level in decades. The Federal Reserve has just raised interest rates. Businesses continue to suffer from disruptions in supply chains and the lack of staff and inventory.

One of the main components of generating cash flow is clients paying their bills. Sales and accounts receivable collection procedures do not wait until the payment is late. The process of collecting ...

Accounts receivable are sales that are made but not yet paid for. They are actually a form of short-term unsecured credit extended on the basis of a customer's promise to pay. Terms are generally ...

Everyone engaged in business will at some point encounter the challenge of collecting outstanding amounts owed. There are a variety of different approaches as well as different levels of difficulty.

IMGCAP(1)]In many businesses the accounting for accounts receivable utilizes the allowance method to provide a reasonable estimate of the net collectability of the firm’s trade receivables. Most ...