Receivable Management: Meaning, Objectives, Importance

The asset turnover ratio is an efficiency ratio that measures and helps analyse a company’s ability to generate sales from its assets by comparing net sales with average total assets.

Sundry creditor is a person who is responsible for the supplies of the goods or services to another business firm on credit basis. Let’s understand the meaning & example of sundry creditors.

Cost Centre is a separate department within a business to which costs can be allocated. Know the cost centre meaning, types & importance with examples.

Accounts receivable is the money owed to your business by customers whereas, accounts payable is the money you owe to the suppliers. Understand accounts receivables vs accounts payables.

Bill is the money owed by a customer for a purchase transaction whereas an invoice is a detailed document of a goods or service transaction. Check the difference between billing & invoicing.

Managerial accounting is nothing but the practice of identifying, measuring, analysing, interpreting, and communicating financial information to managers.

Over 90% of the companies use business software to scale their productivity. Know how to evaluate, purchase & implement business accounting software for your own business.

A small business needs to generate different types of invoices owing to various factors. Let’s check different types of invoices with example and format.

Balance sheet reconciliation is a process of verifying the accuracy of information presented in the balance sheet. It includes cross-checking the closing balance components.