Accounts Receivable
Accounts Receivable is the term used on the balance sheet to refer to amount owed to a company by its customers for products or services delivered, intended to be paid within the near term according to the...More
terms for payment agreed to in service contracts or invoices. Accounts receivable is usually a reference to a line of customer credit offered as net 30, 60, or 90 day terms.
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Recent Activity
Anonymous (Controller)
Bradford Marcus (BDO/Account Executive, Atwell Companies, The)
In addition to stating what precisely your credit policies are, i.e. under what terms they will extend credit & exactly what their terms are when credit is not approved.....credit card, COD, deposit, etc. you should consider adding some or all of the following terms: 1....
Anonymous (CFO)
My company has "loaned" an officer funds under a promissory note. This has accumulated and the company is now doing well enough to pay him a salary. Is there any way to reduce the promissory note without having to have him pay it with after tax dollars...
David Nordella (Managing Director, Provider Finance Associates, LLC)
Healthedge, a healthcare software provider, released a survey that states that a majority of payers are preparing to support new healthcare models. Plans for an Accountable Care Organization model (ACO) is in the works at 54.4% of the payers. A Payment for...
Anonymous (Analyst)
We are thinking of adding RDC to our payment options. Is anyone using it? What types of poblems have you encountered?
Anonymous (Treasury Manager)
Brett Bennett (Controller)
Wondering what your company's best practices are in the calculation of DSO? Currently, our company includes unbilled revenue or amounts from sales contracts that have been signed but no revenue has been generated yet. It appears this is skewing the...
Simon Westbrook ( CFO, Aargo Inc.)
I recently posted a blog on effective ways to enhance the collection of overdue receivables, but afterwards it occurred to me that there are two approaches: the carrot and the stick. Generally, I have favored the carrot: developing a relationship to build sympathy and a...
Sara Voight (Controller, Helm Inc)
I am in a new office and the culture here says that one does not issue credit memos when needed, instead you process an entire credit/rebill and present a new invoice to the client. I have never heard of such a thing, outside of exception processing or unposted invoices...
