The direct write-off of accounts receivable is primarily used by small companies for financial reporting, but is required by all companies in determining their tax obligation to the Internal Revenue ...

A high accounts receivable turnover ratio means that you have a strong credit collection policy and do well collecting cash quickly from accounts. High accounts turnover is important for companies in ...

Greg DePersio has 13+ years of professional experience in sales and SEO and 3+ years as a writer and editor. Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, ...

How Ledgers and Journals Are Used in Accounting Get an overview of these fundamental bookkeeping tools. Ledgers and journals are the foundational tools used in the bookkeeping process. A ledger is a ...

What Is the Difference between Accounts Receivable and Accounts Payable? Your email has been sent Accounts payable and receivable are required to ensure your cash flow and spending are appropriately ...

Discover how adjunct accounts enhance financial reporting by increasing liability book values. Learn how they differ from ...