End of year tax planning must include a review of your accounts receivable to determine the impact on income for the calendar year. A realistic assessment needs to be made upon the likelihood of collecting the receivable and its impact on income. Continue reading “End of Year Tax Planning Must Include a Review of Accounts Receivable”
Tag: Accounts Receivable
Your Accounts Receivable Aging Report Has All The Secrets
As diligent business owners you review your accounts receivable aging report monthly, weekly or daily. You know how much is owed at any given moment by a quick read of the report. Altering the current report or designing a report to meet certain criteria can reveal critical information about your customers, your credit policies, collection policies, business policies and business workflow. Continue reading “Your Accounts Receivable Aging Report Has All The Secrets”