Invoicing & Receivables Articles

Invoicing & Receivables - Tips, Training, and News

Accounts Payable vs. Accounts Receivable

As a small business owner, setting up your accounting books and maintaining accurate records is essential.  To make that happen, you need to be familiar with accounts payable and accounts receivable. Both accounting entries are part of double-entry bookkeeping, but what is the difference between accounts payable vs. accounts receivable?

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How to Charge Customers a Late Payment Fee and Get Your Cash Flow Back on Track

When you make a sale on store credit, there is never a guarantee that the customer will pay you on time. In fact, one in three Americans is late paying their debts. Instead of banking on timely customer payments, plan for the worst. And, consider charging tardy customers a late payment fee to reclaim your […]

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Clearing up the Confusion of Purchase Order vs. Invoice

As a business owner, you are responsible for handling many documents to keep your business’s finances on track. And if your company deals with business inventory, you’ll probably find yourself juggling both invoices and purchase orders. Some business owners might think purchase orders and invoices are one and the same. Heads up: purchase orders and […]

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