Invoiced Accounts Recievable Automation Blog

When we think of accounts receivables, we often think of debit and credit. A normal accounts receivable balance is applied as a debit. This means that a credit, when improperly applied, can look like a negative balance.

Opportunity is passing you by. An unprecedented gap just opened in your market – one that your business is uniquely designed to fill – but you don't have the cash in hand to capitalize on it. And what's most frustrating is that right now – you have several existing customers that owe your company money. But all of that cash is out in the financial ether.

Most business owners are familiar with the five core accounts for tracking and managing transactions: asset, equity, expense, liability, and revenue. But what’s less widely understood is that each type can be categorized and managed as a temporary or permanent account.