Accounts payable is an account within the general ledger representing a company's obligation to pay off a short-term obligations to its creditors or suppliers.

Accounts receivable are created when you extend short-term credit to a customer. If you sell a machine to a manufacturing company and send them an invoice asking for payment in 30 days, you have ...

Organize your accounts receivable process effectively by using software for invoice tracking and automated reminders. Enhance client relationships through transparent payment portals and consistent ...

For instance, your accounts receivable reports may show $3,000, but your subsidiary ledger shows "$3,000 + $500 - $500" you would have not otherwise known there was an overpayment. Fraud ...