It's a sad but inevitable fact of business that occasionally a deadbeat customer won't pay a bill. As a business owner, you record and track in accounts receivable, or A/R, the money owed you for ...

A small business must record all transactions related to customer sales and payments on the company's general ledger and accounts receivable ledger. Journal entries are used to record these ...

Before entering a complex journal entry into the system, it helps to sketch out the T-accounts involved and make sure the transaction makes sense. You'll see them on whiteboards during team ...