An Aging Report is a financial document that categorizes a company’s accounts receivable (or accounts payable) according to the length of time an invoice has been outstanding. This report is…

Accrual Basis Accounting and Cash Basis Accounting are two primary methods used to record and report a company's financial transactions. The choice between these methods affects how revenue and expenses…

Accounts Receivable Verification is the process of confirming the accuracy and legitimacy of a company's accounts receivable (A/R) balances. This process is typically conducted during financial audits to ensure that…

Accounts Receivable Financing is a financial arrangement in which a company uses its outstanding invoices (accounts receivable) as collateral to obtain a loan or line of credit from a financial…

Accounts Receivable (A/R) refers to the money that a company is owed by its customers for goods or services that have been delivered or provided on credit but have not…

Accounts Payable Financing is a financial arrangement that allows a company to extend the payment terms of its accounts payable (A/P) while maintaining good relationships with suppliers and improving cash…

Accounts Payable (A/P) refers to the money a company owes to its suppliers or vendors for goods or services that have been received but not yet paid for. It represents…

An Account Debtor is the individual or entity that owes money to a company under an accounts receivable arrangement. In simple terms, the account debtor is the customer who has…