Accounts receivable represents the dollar value of business that your company has transacted for which it has not yet received payment. It appears on the "assets" side of your balance sheet. A balance ...

Some companies find that offering incentives to credit customers can help encourage early payments, increasing cash flow and reducing the risk of bad debt. A sales discount is one incentive that many ...

A balance sheet is a financial report that provides a snapshot of a business’s position at a given point in time, including its assets (economic resources), its liabilities (debts or obligations), and ...

Assets refer to resources that can be converted into cash. Learn how assets work, the various types of assets, how to determine an asset's value and more.

Opinions expressed by Entrepreneur contributors are their own. One of the tools that can be used to assess the performance of your business or organization is a balance sheet. A balance sheet, which ...

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. Processing ...

A financial statement that lists the assets, liabilities and equity of a company at a specific point in time and is used to calculate the net worth of a business. A basic tenet of double-entry ...