Accounts Receivable

debit cash / bank
credit indemnity income etc

A debit would increase and a credit will decrease .

Well most software programs collect this data for you within a report. But if you are trying to manually figure this out you will look at all outstanding invoices to see how many days past the due date they are basically.

debit redemption of debentures account
credit cash / bank

The Receivables Turnover Ratio is an accounting ratio that is calculated by dividing the net receivable sales by the average net receivables. There are several online calculators that can help one determine this ratio located at websites like Mini Web Tool, DanielSoper, and CCD Consultants.

Medical receivables factoring is a term used when funding companies purchases their accounts receivable for health care providers. They immediately receive the payment once funding company purchases their accounts receivable.

Notes Receivable is a written agreement to pay at stated date and it is beneficial for company as if company required money before the actual date of then company can sell or give that notes to third party for collection at specified date and can receive money immediately from that third party for utilizing in business while under actual accounts receivable situation company has to wait till specified period of time to collect money from debtors.

You can find Invoice templates on the invoiceberry website, the eformandfunction website, the uniformsoft website and the sliqtools website. These all typically follow similar layouts and allow you to easily standardize your businesses invoices.

The invoice format is typically a form that states the date and address of the company a person has purchased something for. It usually lists the items purchase and the amount owed and tallies them up including any applicable tax rates at the bottom of the document.

Receivable factors can be purchased online, in offices and other specified areas of business for receivables. Receivable factoring is buying invoices in the form of a loan.

Debit: Profit & Loss Account

Credit: Cash In Hand or Petty Cash

Nature of Debit is Expense and the nature of Credit is Asset.

Expense Increased and Asset Decreased

If you have an account already open for such Losses then you should debit such account. For example in my company Cash loss is usual Case so we have an Account titled "Cash Lost Expense"

In my cash I will pass the entry as

Debit: Cash Lost Expense

Credit: Cash in Hand or Petty Cash

The best way to explain this is by example:

Wells fargo Bank has your bank account. Your account is a liability for them since this is not truly their money and it is obligated to you the account holder......so when they increase your account, they post a credit to it. Because to increase their liabilities they have to credit it......and when you use your debit card and decrease your account then wells fargo debits your account to remove the money.

For you as the account holder your checking account is your asset......so if you were tracking your accounting in a program.....and you wanted to show where you deposited money into your account in your system then you would post a debit to increase your cash account.

Well this would mean possibly that someone overpaid. If so, I would allow that amount to remain and it will clear up when and if they are invoiced in the future. Or you could identify who overpaid and then issue them a refund and clear the accounts receivables account to zero.

CASH A/C DR

DISCOUNT A/C DR

TO SWATHI A/

[Debit] Bank account

[Credit] Cash account

The term pro forma is derived from the Latin "as a matter of form". In trade, it is therefore used simply as a formality to fulfil the minimum standards of a specific organization or code of practice.

Commercial invoices have got many information contained. To name a few, one could mention the name of exporter, consignee, intermediate consignee, forwarding agent, country of origin and date of export.

If someone wants a template for a business form such as an invoice then it is worth looking at sites such as businessforms. It is also worth looking in books to see what standard business template forms they offer for invoices.