Accounts Receivable (AR) Automation: The Solution To The Collection Problem
Accounting Seed
NOVEMBER 23, 2022
When the client pays, you transfer the $2,000 from AR to the cash account. Managing Accounts Receivable Manually If your accounting system is on a cash basis, AR isn’t an issue. If you use accrual accounting, you record transactions as soon as you earn the money. This is known as balancing your accounts/books.
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