In business accounting, notes receivable are promissory notes that represent an asset. These promissory notes are either short-term or long-term and should be recorded on the balance sheet differently ...

If your business extends credit to its customers, charging and collecting interest is well within your right. Most businesses with account receivables don't charge interest unless payment is really ...

Companies often extend credit to other businesses in the form of a note, or a short-term loan. Most notes pay a stated rate of interest, resulting in interest revenue that the lender must record at ...

Discover how accounts receivable insurance protects your business from customer nonpayment and ensures financial stability by ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

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 ...

There’s a well-known saying in business that “cash is king,” but it’s effective accounts receivable policies and procedures that will help your team have faster access to the cash it needs to ...

Every business has some dead accounts receivable on its books. Reviving them might not be worth the effort but managing them might be. Any business that lets past-due accounts receivable accumulate is ...

Humans have always needed to support decision-making and strategy with some form of predictive analytics. In Ancient Rome, for example, predictive analytics meant haruspex priests studying animal ...