Accounting
What is the Allowance for Doubtful Accounts?
The allowance for doubtful accounts is a reduction of the total amount of accounts receivable appearing on a company’s balance sheet. The allowance for doubtful…
Accounts
Accounting
What is an Accrued Receivable?
An accrued receivable is either a trade receivable or a non trade receivable for which a business has earned revenue, but for which it has…
Accounting
What is Gross Accounts Receivable?
Gross accounts receivable is the amount of sales that a business has made on credit, and for which no payment has yet been received. The…
Accounting
How do you Collect Past Due Invoice?
A past due invoice is a billing that has not been paid as of its due date. If a business extends credit to its customers,…
Accounting
What is Equity Accounts?
Equity accounts are the financial representation of the ownership of a business. Equity can come from payments to a business by its owners, or from…
Accounting
What is Manufacturing Cost Accounting?
Manufacturing cost accounting encompasses several tasks that impact production operations and the valuation of inventory. These activities can significantly boost the profits of a business,…
Accounting
What is Accounting for Accounts Payable?
The accounting for accounts payable involves the recordation and payment of liabilities. This is the primary functional area through which a business records expenses and…
Accounting
What is Accounts Payable Ratios?
Accounts payable ratios are designed to measure the operational efficiency of a payables department, as well as its ability to pay suppliers in a timely…
Accounting
What is Chart of Accounts Numbering?
The first type of numbering to determine for a chart of accounts involves their structure. This is the layout of an account number, and involves…
Accounting
What is the Difference between Accounts Receivable and Accounts Payable?
Accounts receivable are the amounts owed to a company by its customers, while accounts payable are the amounts that a company owes to its suppliers.…