AP -vs- AR

There are a lot of different terms in the accounting profession that are very unique. You would not find this type of language outside of business and accounting, which means it can become very confusing

By |February 17, 2017|Accounting Glossary|Comments Off on AP -vs- AR

Turnover Ratio

In order to keep an eye on how the credit and collections team is doing. This can determine whether a business needs to tighten or loosen their restrictions on offering credit to customers, and can

By |February 17, 2017|Accounting Glossary|Comments Off on Turnover Ratio

Aging Report

The only way to be able to manage and see exactly who owes you money and when in the collections department is by using an accounts receivable aging report. It is one way to keep

By |February 17, 2017|Library|Comments Off on Aging Report
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