Accounts receivable is one of the most important financial accounts that small businesses keep track of. This is because the receivable account reflects the balance of all money owed to the business ...

A credit card sale occurs when a customer pays for your small business's products or services with a credit card instead of cash. Credit cards let customers buy now and pay later. Your small business ...

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 ...

Accounting is the practice of recording a company’s financial transactions. To do this, it relies on two fundamental records: credit and debit in accounting. The ladder, a debit, is a journal entry ...

Credit means different things depending on its context. For example, the amount available to borrow from a vendor. A credit in accounting is a journal entry with the ability to decrease an asset or ...

Dive into accounts receivable aging, a report that can help you manage receivables and project future cash flow. Many, or all, of the products featured on this page are from our advertising partners ...