Blog

Reconciliation is an accounting term that means matching two sets of records. For example, bank reconciliation refers to comparing the balances provided by the bank statement against your business’s cash balance figure. Learning how to do a bank reconciliation for...

The accounts receivable turnover ratio measures the number of times a company collects its receivables over a period (average). In this guide, you’ll learn: What is the accounts receivable turnover ratio?What are the accounts receivable turnover ratio formula?How to calculate your accounts...

Accounts receivable are amounts customers owe a company for goods sold and services provided on account (credit). In this guide, you’ll learn: Imagine operating a dressmaking business, and you need material for an upcoming wedding. You ask your supplier to...

A bad debt expense is an overdue invoice (receivable) you know won’t get paid. So now it’s time to write off the bad debt so you can have an accurate picture of your business finances. In this guide, you’ll learn:...