Accounts receivable is one of the most important financial accounts that small businesses keep track of. This is because the receivable account reflects the balance of all money owed to the business ...

Most businesses offer their customers the option to pay on credit — often called “trade credit” — to provide added flexibility and convenience. When a customer purchases a product or service on credit ...

An analytical review in accounting is used by auditors to assess the reasonableness of account balances. Examples of analytical reviews of financial statements broadly include vertical and horizontal ...