The money due from all customers for merchandise or services delivered on credit. The total figure would be shown on the balance sheet as an asset If you plan to sell goods or services on account in ...

It's a fact of business life that money is regularly earned before it's received. Depending on your business, the gap between earning $1 and having $1 in cash in your hand could be measured in seconds ...

Discover what an allowance for credit losses means and how it's used in accounting to estimate uncollectible debts, enhancing financial statement accuracy.

When a business operates by making sales on credit, it faces the risk that it will not be able to collect on some of the obligations. While it is easy to identify an uncollectible receivable as a ...

Financial software that deals with money owed to the organization. It provides reports on aging (amounts uncollected over time) and collection reports as well as credit memos and payment history. THIS ...