Accounts receivable (AR) is money your customers owe you for products or services that you have sold. Find out why AR is important and how to track it.
Accounts payable is the opposite of accounts receivable. And it’s just as important, especially whentracking expenses. Accounts payable are any balance the company owes for outstanding invoices. That means goods or services received but not paid for. This helps manage your money by tracking what ...
Insurance premiums Subscription fees (software, cloud services) 3. Other expenses: Office supplies Travel and entertainment expenses (reimbursed to employees) Repairs and maintenance Taxes (property, sales) Interest on loans Why Should You Automate Accounts Payable? Automating accounts payable processes sav...
Failing to age accounts receivable could lead a buyer into paying more for a business than it is worth. a. True b. False Accounts Receivables: Accounts receivables can be defined as the due payments on goods and services received or issued to ...
5 【单选题】(2分) Which accounts will appear on the post-closing trial balance .( ) A.Unearned revenue, prepaid insurance expense, cash B.Consulting revenue, prepaid rent expense, cash C.Consulting revenue, insurance expense, cash D.Unearned revenue, insurance expense, cash 第五章测试 1 【...
Our latest factoring and credit insurance whitepaper Download Contents 1.What is Receivables Discounting? 2.What is a receivable and what is receivables discounting? 3.Diagram – Receivables Discounting 4.Why is providing credit terms a problem? 5.How can receivables discounting work to provide cre...
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Therefore, you are required to purchase property insurance amounting to $1.2 million or more. But since you find that amount too big, and would want to save some money, you only purchase insurance worth $900,000. An earthquake happens, and the replacement cost is found to be $500,000. ...
Current Assets:These are assets that can be converted to cash within a year. These include cash, accounts receivable, and inventory. Non-Current Assets:This category includes long-term assets that cannot be converted to cash or consumed within a year, such as investments;property, plant, and ...
Total assets include current andnoncurrent assets.Current assetsinclude cash and anything that can be converted to cash within a year, such as accounts receivable and inventory. Long-term assets are possessions that cannot reliably be converted to cash or consumed within a year. They include invest...