Most businesses offer their customers the option to pay on credit — often called “trade credit” — to provide added flexibility and convenience. When a customer purchases a product or service on credit ...

Accounts receivable is defined as an asset that reflects a future payment. In actuality, an accounts receivable is a debt. How your business deals with the debt obligation, and the terms of the debt, ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The construction industry is facing tremendous pressure ...

There’s a well-known saying in business that “cash is king,” but it’s effective accounts receivable policies and procedures that will help your team have faster access to the cash it needs to ...

While many businesses collect compensation before or immediately after providing a service or selling a product, some businesses allow customers to pay at a later date. When customers owe money to a ...