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Tag Archives: Accounts Payable Accounting

Accounts Receivable and Accounts Payable Accounting – Why Critical for Small Business?

10 Dec

The first question that might come to your mind is – What is an Accounts receivable and whether I need to take care of A/R accounting for my small business [1]? Accounts receivable (A/R) shows what others owe to the business enterprise at any point of time. Accounts receivable accounting comes into play generally when your business does sales on credit. When a cash sale is done, there is no receivable due from customers, hence no need to have A/R records. However, when a business has credit sales on its books, the amount due from customers are generally recorded as Accounts ...Read More

Posted in Accounts Receivable Services | Comments 0