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It's Time To Rethink Your Accounts Receivable

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By Jennifer Barnes, Founder & CEO

 

As a business owner, you know that accounts receivable (AR) is money owed to a business by its customers. When you extend credit to a customer for the purchase of goods or services, the balance owed is recorded in your general ledger AR account as future cash receipts. So, what happens when customers don’t pay on time? How can you prevent late payments from putting your business at risk?

 

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DISCLAIMER – Due to the daily changing environment and guidelines being provided by the government, this information could be outdated. Please contact our office for the latest updates and guidelines. Optima Office is not responsible for any actions taken due to the information provided. The information provided here is for instructional purposes and does not represent legal advice being given by Optima Office.

 

 


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