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Getting Paid 101: Accounts Payable and Accounts Receivable

xendoo

If you’re managing a business—and your books—you’ve probably had to learn what is accounts payable vs. accounts receivable. . Accounts payable and accounts receivable are two different sides of the same coin. What Is Accounts Payable? What Is Accounts Receivable? Rent and lease payments.

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

You can think of it as the general financial administration of your business. What is accounting? Accounting for a small business usually means summarizing and analyzing financial transactions, producing accounting reports, and timely providing data for tax purposes and tax returns.