Information

Scheduling Accounts Receivable

By: Peter Emerson
Submitted: 2007-01-17 15:15:01
Print this article | Tell a friend | For publisher | Social Bookmarking
Rating:
 

The accounts receivable schedule is a listing of the customers making up the total accounts receivable balance. Most businesses prepare an accounts receivable schedule at the end of each month. Analyzing the accounts receivable schedule may help one identify potential cash flow problems. The typical accounts receivable aging schedule consists of six columns. The first column lists the name of each customer with an accounts receivable balance. The second column lists the total amount due from the customers. Column three is the "current column" that lists the amounts due from customers for sales made during the current month. Column four shows the unpaid amount due from customers for sales made in the previous month. These are the customers with accounts one to 30 days past due. Column five lists the amounts due from customers for sales made two months prior. These are customers with accounts 31 to 60 days past due. Finally, column six lists the amount due from customers with accounts over 60 days past due.

If you're using one of the many available accounting software packages for billing and accounts receivable processing, check it to see if it prepares the aging schedule automatically. Most accounting software packages will prepare an accounts receivable aging schedule at the touch of a button. The schedule allows one to spot problems in accounts receivable early enough to protect a business from major cash flow problems. Overdue amounts attributable to a number of customers may signal that your business needs to tighten its credit policy toward new and existing customers. The aging schedule also identifies any recent changes in the accounts making up your total accounts receivable balance. Almost every business has to deal with customers who are delinquent.

Accounts Receivable Factoring provides detailed information on accounts receivable factoring, accounts receivable collection, accounts receivable factoring companies, accounts receivable financing and more. Accounts Receivable Factoring is affiliated with Accounts Receivable Collection.

Article source: Expert Articles

Most Recent Articles in Business category

  • Business, Multiple Disciplinary Skills Required - By: Jasbir Kaur
    Online Businesses, unlike many on-site businesses, require entrepreneurs to not only have a background in business, but also computers. Yes, on-site businesses function on computer systems, too, but they don't rely solely on computer technology for their operation.
  • Dollars Payment- your own Loan Calculator - By: Manojj Kumarr
    The chart below gives examples of three different loan terms and what paying between $75 to $100 more a month would do to the mortgage. It is based on a $100,000.00 loan at 7% interest. Years Int Rate Payment Interest Total of Payments Savings
  • Make money with your own website or blog - By: Sudesh Kumar
    The concept is Join free make money online in which you can make some extra money just by spending your little spare-time. And the best thing about these programs is that there are no charges for joining them.
  • Special Gifts For A Business Dad - By: Jnet Verra
    What would you give a business dad? It's a challenging and fun task to find the perfect gift for a successful dad, but worry not, there's help for you.
  • A Unique Gift For Mr. Executive - By: Jnet Verra
    Executives deserve gifts too, and though it's difficult to impress these successful people, there are gifts which do exactly that. Read more to find out.
  • Your Joint Venture Put it in Writing - By: Jasbir Kaur
    So you're going to take the plunge and start a joint venture. Excellent! As long as you consider the details and think it through as if it's a whole new business, your new venture could mean exponentially greater profits for you!
  • A to Z of AdSense and PPC - By: Mukeshh Kumarr
    AdSense is a pay per click program in which ads are targeted to search results and website content with advertisers paying for each click received. In contrast to other types of affiliate programs, AdSense can be more profitable to publishers because it requires no spending on the customer's part. Advertisers are paying for the interested traffic. Studies show that the most viewed area of a page is toward the top and left (think of where you normally start reading).
  • Effective ways to Build Internet Marketing Email List - By: Surjeet Kumar
    The cardinal rule of internet marketing is Do Not Spam. Don't even think about it. This will instantly cause you to be banned by your internet service provider, receive hate mail and even hate phone calls. It will also ruin the one thing you should value above all as an internet marketer, and that is your reputation. Without a good reputation you may as well fold your tent.
  • Sending Your Love Home - By: timothy spencer
    It's tough to be traveling while your loved ones are at home. Through the Internet, you can now communicate with you loved ones or send flowers and gifts even if you are far away. This article explores the benefits of online gift shopping.
  • The recent increase of stake in Lumax - By: Ravii Kumarr
    While discussing the potential of the Indian supplier industry in the global context with one of my European colleagues, I pointed out to him that most Indian suppliers are home-bred entrepreneurs, who have realized the opportunity window and mostly used the technical collaboration / minority equity stake method to bring in technical know-how, unlike China where most supplier ventures are joint-ventures with global suppliers, formed out of compulsion.