Accounting Tools

APRIL 6, 2024

What is the Accounts Receivable Aging Report? An accounts receivable aging is a report that lists unpaid customer invoices and unused credit memos by date ranges. The aging report is the primary tool used by collections personnel to determine which invoices are overdue for payment.

Account Receivables 75

Account Receivables Accounts Receivable Accounts Receivable Accounting 75

Accounting Tools

OCTOBER 8, 2023

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is the Assignment of Accounts Receivable? Under an assignment of accounts receivable arrangement, a lender pays a borrower in exchange for the borrower assigning certain of its receivable accounts to the lender.

Account Receivables 75

Account Receivables Accounts Receivable Accounts Receivable Accounting 75

Gaviti

APRIL 24, 2023

Effective accounts receivable management is one of the most critical aspects of boosting steady cash flow for your business. Even so, there are some typical accounts receivable management problems and solutions most businesses should review. The AR team must identify problems and seek long-term solutions.

Account Receivables 95

Account Receivables Accounts Receivable Accounts Receivable AR 95

oAppsNet

MAY 14, 2024

Streamlining accounts receivable collections is a strategic imperative for businesses to enhance their cash flow and operational efficiency. Efficient collection processes improve a company’s financial health and strengthen customer relationships by ensuring transparency and consistency.

Account Receivables 52

Account Receivables Accounts Receivable Accounts Receivable Collections 52

Accounting Tools

SEPTEMBER 7, 2023

Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook Accounts receivable is the amount owed to a seller by a customer. Accounts receivable is listed as a current asset on the balance sheet , since it is usually convertible into cash in less than one year.

Account Receivables 75

Account Receivables Accounts Receivable Accounts Receivable Accounting 75

Accounting Tools

JUNE 17, 2023

Related Courses Bookkeeping Guidebook Effective Collections How to Audit Receivables What is Accounts Receivable? Accounts receivable refers to money due to a seller from buyers who have not yet paid for their purchases. The amount of non trade receivables is usually quite small.

Account Receivables 75

Account Receivables Accounts Receivable Accounts Receivable Accounting 75

Accounting Tools

JULY 24, 2023

Related Courses Credit and Collection Guidebook Effective Collections Essentials of Collection Law What is the Cash Collection Cycle? The cash collection cycle is the number of days it takes to collect accounts receivable. Several techniques for doing so are noted below.

Cash Collection 75

Cash Collection Collections Account Receivables Accounts Receivable 75

Gaviti

MARCH 21, 2023

Proper accounts receivable management is vital if you want to operate a healthy business. It doesn’t matter how much in sales you generate if you never collect on your invoices, or if you keep losing vital invoices you are meant to collect on. Do you need help overcoming accounts receivable challenges in your company?

Account Receivables 78

Account Receivables Accounts Receivable Accounts Receivable Accounting 78

oAppsNet

MAY 7, 2024

Among the various aspects of financial management, accounts receivable collections stand out for their direct impact on a company’s liquidity and cash flow. What Are Accounts Receivable Collections? In any business, managing finances effectively is pivotal to sustaining and growing operations.

Account Receivables 40

Account Receivables Accounts Receivable Accounts Receivable Collections 40

Gaviti

JUNE 15, 2025

That’s where accounts receivable insurance (also known as credit insurance) comes into play. It offers a safety net, protecting your business from potential losses tied to unpaid receivables. This guide explores every facet of insurance for accounts receivable, from benefits and drawbacks to cost analysis and how to get started.

AR 52

AR Account Receivables Accounts Receivable Accounts Receivable 52

Counto

FEBRUARY 3, 2024

Understanding Accounts Receivable Aging Reports As a business owner, managing your finances efficiently is essential for maintaining a healthy cash flow and ensuring that your operations run smoothly. One crucial tool in achieving this is the Accounts Receivable Aging Report. What Is an Accounts Receivable Aging Report?

Account Receivables 52

Account Receivables Accounts Receivable Accounts Receivable Accounting 52

Accounting Tools

JUNE 18, 2023

Related Courses Business Ratios Guidebook Credit and Collection Guidebook The Interpretation of Financial Statements What is the Accounts Receivable Collection Period? The accounts receivable collection period compares the outstanding receivables of a business to its total sales.

Account Receivables 40

Account Receivables Accounts Receivable Accounts Receivable Collections 40

oAppsNet

NOVEMBER 1, 2024

Your Accounts Receivable (AR) team is your business’s critical cash flow driver. This article will explore the essential standards your AR team should embrace to streamline workflows, improve customer relationships, and optimize cash flow. But what separates an average AR team from a high-performing one?

AR 52

AR Invoicing Collections Account Receivables 52

Gaviti

JANUARY 26, 2025

These platforms are no longer a luxury but a necessity, providing businesses with an efficient way to handle their accounts receivable processes. A robust customer payment portal streamlines collections, simplifies the act of transferring payments, and eliminates many of the manual tasks that can bog down a companys operations.

Account Receivables 52

Account Receivables Accounts Receivable Accounts Receivable Collections 52

Gaviti

OCTOBER 30, 2023

In this article, we explore the advantages of autonomous finance, especially as it relates to accounts receivable, and at what point your company should consider employing them, so you can decide if it’s a worthwhile investment for your business. What are the Benefits of Autonomous Finance in A/R Collections?

Collections 75

Collections Invoicing Bank Reconciliation Account Receivables 75

Nanonets

MAY 21, 2024

Accounts receivable reconciliation is a crucial process within accounting and financial management practices undertaken regularly by a business. As transactions with customers and clients occur, businesses generate accounts receivable, which represent amounts owed to them for goods and services sold or rendered.

Account Receivables 52

Account Receivables Accounts Receivable Accounts Receivable General Ledger 52

oAppsNet

MAY 28, 2024

In the contemporary business landscape, where efficiency and accuracy are paramount, automating Accounts Receivable Automation (AR) processes stands out as a transformative strategy. Enhancing Payment Collections AR automation significantly enhances the efficiency and effectiveness of payment collections.

Account Receivables 52

Account Receivables Accounts Receivable Accounts Receivable AR 52

Gaviti

JANUARY 20, 2025

One cornerstone of accurate financial reporting is the matching principle in accounting, a concept that ensures revenues and expenses are recorded in the same period. But how does this principle align with the technological advancements in accounts receivable (A/R) automation?

AR 52

AR Invoicing Financial Statements Collections 52

Nanonets

MAY 8, 2023

Try Nanonets accounting automation software to streamline all your accounting receivable processes. Start your free trial Accounts receivable (AR) is an asset on a company's balance sheet. In other words, accounts receivable is the money a company expects to receive in the future from its customers.

Account Receivables 52

Account Receivables Accounts Receivable Accounts Receivable AR 52

Accounting Tools

JUNE 11, 2023

Related Courses Corporate Finance Working Capital Management What is Accounts Receivable Discounted? Accounts receivable discounted are unpaid billings to customers that have been sold to a third party in exchange for cash.

Account Receivables 40

Account Receivables Accounts Receivable Accounts Receivable Corporate Finance 40

Accounting Tools

JUNE 18, 2023

Related Courses Business Ratios Guidebook Effective Collections The Interpretation of Financial Statements What is Accounts Receivable Days? Accounts receivable days is the number of days that a customer invoice is outstanding before it is collected. days to collect a typical invoice.

Account Receivables 40

Account Receivables Accounts Receivable Accounts Receivable Accounting 40

Accounting Tools

APRIL 8, 2024

Controls over accounts receivable really begin with the initial creation of a customer invoice , since you must minimize several issues during the creation of accounts receivable before you can have a comprehensive set of controls over this key asset. Review accounts receivable journal entries.

Account Receivables 40

Account Receivables Accounts Receivable Accounts Receivable Accounting 40

Accounting Tools

JUNE 20, 2023

Related Courses Business Ratios Guidebook Credit and Collection Guidebook The Interpretation of Financial Statements What is Accounts Receivable Analysis? Accounts receivable are the amounts owed to a business by its customers , and are comprised of a potentially large number of invoiced amounts.

Account Receivables 40

Account Receivables Accounts Receivable Accounts Receivable Accounting 40

Accounting Tools

AUGUST 28, 2023

Related Courses Corporate Finance Crowdfunding Treasurer's Guidebook What is Accounts Receivable Financing? Accounts receivable financing involves the sale of one’s accounts receivable in exchange for a working capital loan. Its exact cost depends on several factors.

Account Receivables 40

Account Receivables Accounts Receivable Accounts Receivable Accounting 40

Accounting Tools

APRIL 14, 2024

What is the Schedule of Accounts Receivable? The schedule of accounts receivable is a report that lists all amounts owed by customers. How to Use a Schedule of Accounts Receivable There are several uses for the receivables schedule, which are noted below. Related Article Accounts Receivable Aging

Account Receivables 40

Account Receivables Accounts Receivable Accounts Receivable Accounting 40

oAppsNet

MAY 9, 2024

Accounts receivable is a fundamental concept in business finance, serving as an essential component of a company’s working capital and cash flow management. This article aims to demystify the accounts receivable process, elucidating its significance, operational mechanisms, challenges, and optimization strategies.

Account Receivables 40

Account Receivables Accounts Receivable Accounts Receivable Accounting 40

Accounting Tools

SEPTEMBER 2, 2023

Related Courses How to Audit Receivables How to Conduct an Audit Engagement How to Audit Accounts Receivable If your company is subject to an annual audit , the auditors will review its accounts receivable in some detail. Test invoices listed in receivable report. Confirm accounts receivable.

Account Receivables 40

Account Receivables Accounts Receivable Accounts Receivable Auditing 40

Gaviti

MAY 8, 2025

In this article, we will explain AI-powered cash application software and AI-Powered cash application processes highlighting its features, benefits, implementation challenges, and how it stands out as the best AI cash application software choice for forward-thinking B2B organizations. This reduces the backlog of unapplied cash.

AR 86

AR Data Entry Invoicing Account Receivables 86

Accounting Tools

MAY 15, 2023

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is Accounts Receivable Pledging? Accounts receivable pledging occurs when a business uses its accounts receivable asset as collateral on a loan , usually a line of credit. Selling Accounts Receivable to Fund a Business

Account Receivables 40

Account Receivables Accounts Receivable Accounts Receivable Accounting 40

Accounting Tools

OCTOBER 24, 2023

Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook 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.

Account Receivables 40

Account Receivables Accounts Receivable Accounts Receivable Accounting 40

Accounting Tools

DECEMBER 10, 2023

What is the Accounts Receivable Turnover Ratio? Accounts receivable turnover is the number of times per year that a business collects its average accounts receivable. It is one of the most important measures of collection efficiency.

Account Receivables 40

Account Receivables Accounts Receivable Accounts Receivable Accounting 40

Accounting Tools

JULY 27, 2023

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Collection Ratio? The collection ratio is the average period of time that an organization’s trade accounts receivable are outstanding.

Collections 40

Collections Account Receivables Accounts Receivable Accounts Receivable 40

oAppsNet

MARCH 21, 2024

In business finance, accounts receivable management is critical to financial stability and growth. From late payments to invoice disputes and inefficient billing processes, navigating the complexities of accounts receivable management requires finesse and strategic planning.

Account Receivables 40

Account Receivables Accounts Receivable Accounts Receivable Accounting 40

Accounting Tools

JANUARY 5, 2024

What is a Collection Period? A collection period is the average number of days required to collect receivables from customers. It is commonly tracked as a measure of the credit and collection efficiency of a business.

Collections 40

Collections Cash Collection Account Receivables Accounts Receivable 40

Billing Platform

FEBRUARY 17, 2025

For businesses operating in dynamic industries, understanding the concept is essential for aligning with Generally Accepted Accounting Principles (GAAP) and maintaining transparency with stakeholders. Accrued Revenue: Definition : Revenue is earned but not yet billed or collected. Accounting Treatment : Recorded as a current asset.

Accruals 92

Accruals Account Receivables Accounts Receivable Accounts Receivable 92

Accounting Tools

MARCH 5, 2024

Debt collection strategies are needed to maximize the efficiency and effectiveness of the collections team. Ultimately, the result should be more collected funds in relation to the collection effort expended. This is an especially important issue when the accounting department is facing a reduction in its budget.

Collections 40

Collections Invoicing Account Receivables Accounts Receivable 40

Accounting Tools

JUNE 20, 2023

Related Courses Credit and Collection Guidebook The Balance Sheet The Interpretation of Financial Statements The average accounts receivable figure is needed in certain situations to avoid measurement problems. Conversely, the average receivable reported for a declining business would be overstated.

Account Receivables 40

Account Receivables Accounts Receivable Accounts Receivable Accounting 40