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To process accounts receivable, consider collection terms, contact customers, and prepare the appropriate journal entries, notes the Houston Chronicle. The accounts receivable process begins at invoice generation and end... More »

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Accounts receivable are the amounts of money owed to a business by another for goods or services it has provided but not yet received payment for. They are a legally enforceable claim to money for which the receiving com... More »

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In the accounts receivable process, retainage is a portion of the final payment of a contract for a product or service. This payment is withheld until the project is complete per the terms of the contract. The payment is... More »

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Accounts payable procedures involve invoice handling, journal entries and authorizing payments, notes the Houston Chronicle. Accounts payable represents a purchase from a vendor or supplier on credit, and the balance she... More »

www.reference.com Business & Finance Business Resources Accounting

To use an accounting ledger, set up a list of all accounts associated with a business or entity, and then document all associated transactions, explains the Houston Chronicle. Most accounting ledgers contain information ... More »

www.reference.com Business & Finance Business Resources Accounting

Frequently used accounting terms include accounts receivable, accounts payable, assets, capital and cash flow, according to Rasmussen College. Other common terms are liabilities, profit and loss statement, return on inve... More »

www.reference.com Business & Finance Business Resources Accounting

A business's finance department is responsible for processing payroll, paying vendors or suppliers (accounts payable), accepting payment from customers (accounts receivable), allocating assets, reducing liabilities and m... More »

www.reference.com Business & Finance Business Resources Accounting