Accounts Receivable

Anything a company owes and must pay can be listed as a payable. From employee wages, to taxes, to mortgages, rent, bills etc. All of these can be listed as a payable at some point during the accounting period. They may not always have to be, but can be.

The utility of management accounting is to take active and timely decision.

Yes, generally a payment towards an account payable affects cash. Unless by some odd chance you are bordering "trading item for item" then you pay with cash. Cash will be credited the amount paid while the account payable will be debited the same amount.

More mony

"One can usually go to a bank or credit union located in their town to find invoice financing. There are also places online that offer it, but for security purposes it is safer to go to an actual establishment and have it set up."

Revenue account

debit cash
credit sales


debit bank
credit cash

Gross working capital is the amount company invested in current assets while net working capital is the difference between current assets and current liabilities.

Somebody needs to define what is needed, when it is needed by, monitor that all activities come together and every team member is going in the right direction, control the budget in order to realize.Management is the process of choosing and coordinating all available organizational resources to accomplish the firms goals and objectives. Without appropriate management of these resources,...

Yes, it absolutely is!! It is one of the most liquid assets, so it's definitely a cash equivalent.

Happy accounting!

Capital is the most important in business.

NO

Accounts receivables are the money that is owed to a business, accounts payables are the invoices or bills that a company has incurred and must pay to their vendors or suppliers. A/R Accounts...the accounts payable account is on the general ledger and is generally comprised of many smaller vendor accounts which are listed and tracked separately in the "accounts payable subsidiary ledger"....

The Accounts Payable Clerk is responsible for providing financial and administrative in order to ensure effective, efficient and accurate financial and administrative operations.

SCOPE

The Accounts Payable Clerk reports to the Director of Finance and is responsible for providing financial, administrative and clerical services. This includes processing and monitoring payments and expenditures and preparing and monitoring the payroll system. Providing these services in an effective and efficient manner will ensure that municipal finances are accurate and up to date,

that staff are paid in a timely and appropriate manner and that vendors and suppliers are paid within established time limits.

RESPONSIBILITIES

1. Perform the day to day processing of accounts payable transactions to ensure that municipal finances are maintained in an effective, up to date and accurate manner

Main Activities:

Receive and verify invoices and requisitions for goods and services

Verify that transactions comply with financial policies and procedures

Prepare batches of invoices for data entry

Data enter invoices for payment

Process backup reports after data entry

Manage the weekly cheque run

Record all cheques

Prepare vendor cheques for mailing

List all vendor cheques in the log book

Prepare manual cheques as and when required

Maintain listing of accounts payable

Maintain the general ledger

Maintain updated vendor files and file numbers

Print and distribute monthly financial reportsAccounts Payable Clerk

2. Complete payroll functions in order to ensure staff are paid in an accurate and timely manner

Main Activities:

Establish and maintain confidential casual employee files

Process TD1 forms

Calculate salaries and benefits

Verify pay amounts, hours of work, deductions, etc.

Verify coding and obtain signatures

Batch paysheets for data entry

Data enter of payroll information

Log in and distribute pay cheques

Prepare and remit source deductions and payroll tax

3. Provide administrative support in order to ensure effective and efficient office operations

Main Activities:

Maintain inventory files

Maintain a filing system for all financial documents

Ensure the confidentiality and security of all financial and employee files

4. Perform other related duties as required

debit balance under current asset

Accounts Receivable

Yes

credit

Obviously yes

Accounts receivables are on the balance sheet. They are an asset of the firm, that is they represent a future economic benefit. The income statement holds the revenues and expenses of the business.It goes to the Balance sheet (Debtors) under Current Assets. What goes into income statement is Sales (both cash and credit). DR Debtors CR Sales. Debtor goes to B.S and Sales goes to P&L

Wut r u talking about

Accounts Receivable is an asset since it is a resource controlled by the entity as a result of past transaction with the future economic benefit to flow to the entity.

Sale of goods and services is a revenue and not accounts receivable.