Annie J Overview Overview Small businesses often face cash flow challenges from delayed customer payments, yet effective accounts receivable (AR) management can turn these hurdles into opportunities for financial stability. What Are Accounts Receivable and Why Do They Matter for Financial Health? Accounts receivable represent funds owed to a business for goods or services delivered on credit. … Read more
Overview Accounts receivable (AR) and accounts payable (AP) represent opposite sides of business cash flows: AR is money owed to your business, and AP is money your business owes to suppliers. AR appears as a current asset on the balance sheet, while AP is recorded as a current liability, each affecting liquidity, solvency, and working … Read more
Overview Businesses rely on timely payments to fuel operations and growth. The accounts receivable process turns credit sales into cash, ensuring steady liquidity. What Is the Accounts Receivable Process in Business Finance? The accounts receivable process tracks money owed to a business for goods or services delivered on credit. Businesses record these amounts as current … Read more
What is Accounts Receivable? A Financial Primer for Business Owners Business owners rely on accounts receivable to maintain steady cash inflows from customer sales. Effective management of these inflows supports daily operations and fuels expansion efforts. QuickBooks Online streamlines tracking of accounts receivable through its Chart of Accounts feature, ensuring seamless integration with broader financial … Read more
To record an invoice payment in QuickBooks Online using undeposited funds, follow a clear process to ensure accurate tracking. What is the Undeposited Funds account in QuickBooks Online? The Undeposited Funds account in QuickBooks Online is a temporary holding account for customer payments before they are deposited into a bank account. It acts as a … Read more
Tax planning plays a critical role in helping small businesses maximize profitability and ensure compliance with federal tax laws. This article explores key strategies, including available tax credits and the decision-making process for choosing the right business structure, to optimize tax outcomes. By understanding these elements, small business owners can reduce their tax liability and … Read more
Taxation plays a critical role in funding public services and infrastructure, with systems like VAT and sales tax shaping how revenue is collected in the United States and beyond. This article explores the distinctions between value-added tax (VAT) and sales tax, detailing their mechanisms and applications. It clarifies the fundamental differences between these two tax … Read more
The 2025 Trump tax cuts represent a significant overhaul of federal taxation policies, building on the 2017 Tax Cuts and Jobs Act (TCJA) with extensions and new provisions aimed at reducing tax burdens for individuals and businesses. These changes, passed through the “One Big Beautiful Bill Act,” address expiring TCJA provisions, introduce campaign promises like … Read more
Sales tax is a critical component of commerce in the United States, impacting consumers and businesses alike. This article explores the concept of sales tax, its functionality within the U.S. tax system, and practical methods for calculating it manually. It addresses what sales tax entails, how it operates across different states, and provides a step-by-step … Read more
Sales tax is a critical component of the taxation system in the United States, impacting consumers and businesses alike. This article explores the definition and function of sales tax, its role in the economy, variations in state and local sales tax rates, and related financial considerations such as financial statements and hiring professionals for tax … Read more
