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Q: Why is important for her to have a database since she is dealing with a huge amount of customers?
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Continue Learning about Accounting

What is commonly used to determine if you should give customers an Account Recievable Account?

When deciding if a customer should receive an accounts receivable account, it is important to consider if they have the ability to repay the amount. These accounts are usually reserved for established business customers.


How do you prepare accounts receivable aging schedule?

The accounts receivable aging schedule is a listing of the customers making up your total accounts receivable balance.The typical accounts receivable aging schedule consists of 6 columns:Column 1 lists the name of each customer with an accounts receivable balance.Column 2 lists the total amount due from the customers listed in Column 1.Column 3 is the "current column." Listed in this column are the amounts due from customers for sales made during the current month.Column 4 shows the unpaid amount due from customers for sales made in the previous month. These are the customers with accounts 1 to 30 days past due.Column 5 lists the amounts due from customers for sales made two months prior. These are customers with accounts 31 to 60 days past due.Column 6 lists the amount due from customers with accounts over 60 days past due.


What are bad checks that customers have written?

Bad checks are checks that customers have written in payment of goods or services that, when presented to the bank for payment, are returned because there is not enough money in the customers account to meet the amount stated on the check. In some countries it is a criminal offense to write a bad check.


Is bad debt a current liability or expense?

Bad debt is expense to reduce the amount of accounts receivable not recoverable from customers.


Do increase of account receivable increase or decrease cash flow?

It decreases the cash flow as it is the amount the customers owe but not pay off.

Related questions

Why a wiki is important on the internet?

A 'Wiki' is a database of useful information that might be relevant to the person searching for something. For example 'Wiki Answers', a fair amount of information can be extracted from the website/database to help someone with an issue/guidance.


Where can I find a data acquisition system that stores a large amount of customers name and addresses for various projects?

A database program like Microsoft Access can store millions of records. This is available as part of the Microsoft Office Suite.


Which MS software is used to store large amount of records?

Database ***** Microsoft Access is the database program.


Why is it important for a foodservice to offer a wide range of services?

you need a varied diet and to reach the maximum amount of customers because everyone has different tastes


Why do you have databases?

We have database to store data in to it. We prefer to have database over FPS because they handle the data efficiently.


What is commonly used to determine if you should give customers an Account Recievable Account?

When deciding if a customer should receive an accounts receivable account, it is important to consider if they have the ability to repay the amount. These accounts are usually reserved for established business customers.


What is a real life use of nonlinear function?

You own a ski resort. In the winter, the amount of customers go up. In the summer, the amount of customers go down.


Is a database a document?

No, a database isn't a document. A database is a storage place, where everything digital and in the computer is stored, while a document is just text on a word processing page, an has a limited amount of information.


What is capacity planning and control?

Capacity planning and control is a very important aspect of a business. Businesses are allowed to have a maximum amount of customers in their building at once so this has to be planned and controlled.


Should I carry agricultural equipment in my area?

It is very important to consider carrying agricultural equipment. Not only will this expand your business and your amount of customers, it will also increase the revenue for your business.


Create a Web Database?

form_title=Create a Web Database form_header=Have an expert design the database that fits all of your business needs. What size database are you interested in?=_ What does your business do?=_ Is there a large amount of data that you will be streaming?= () Yes () No () Not Sure Are any of the items that you will store on the database able to be compressed?= () Yes () No () Not Sure


Write a short note on ms access?

Microsoft Access is a program that allows you to make a database. A database can be used to organize a large amount of information.