Accounts receivable (A/R), also known as receivables, is a current asset that represents money owed to a business by its customers for goods or services that have been delivered but not yet paid for. It is a crucial component of a company's financial health, as it reflects its ability to collect payments and generate cash flow.

Understanding Accounts Receivable

Accounts receivable arise when a…

Today, more small businesses are beginning to consider outsourcing accounting services. What you will find is that when you choose to try these services. You'll find that this is not only a cost-effective way, but also an extremely efficient way to help with expenses, income, prepare taxes, and do year-end and month-end reporting. If you want to run a successful business and keep your profit margins as high as possible, you should look…

For small businesses located in Adelaide and elsewhere in Australia, there is good news! In October, accounting solutions company Xero partnered with Z Card, an innovative New Zealand company, to save customers time. This means that Z Card customers can now sign up to have a copy of their bill data automatically transmitted to Xero, reducing the time it takes small businesses to manually enter transactions .

In other words, a Z card will appear encoded in Bill…

The advent of technology has enabled small businesses to outsource their accounting functions to companies that specialize in offering affordable accounting outsourcing services. Outsourcing accounting gives small businesses the opportunity to share their important accounting work with companies that specialize in these areas. No matter the size of your company, you can always outsource it to companies that are able to provide high quality accounting services with the help of highly…

The advent of technology has enabled small businesses to outsource their accounting functions to companies that specialize in offering affordable accounting outsourcing services. Outsourcing accounting gives small businesses the opportunity to share their important accounting work with companies that specialize in these areas. No matter the size of your company, you can always outsource it to companies that are able to provide high quality accounting services with the help of highly…

Accounting is important for the success and smooth running of business. In the absence of proper accounting procedures and systems, companies cannot achieve their desired business goals and ambitions. While large-scale businesses may hire costly accountants and bookkeepers to properly maintain their books, small businesses do not have the financial strength to hire an in-house accountant or bookkeeper…