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Administrative tasks like law firm billing and invoicing can be tedious and time-consuming and you may be stuck if you don’t implement...

When your company purchases goods on credit that need to be paid back in a short time, it is known as accounts payable. As a business...

On the balance sheet, accounts payable is a liability account. Liability is divided into short-term liability and long-term liability.

On the last article, we talked about the definition of Account Receivable and its importance to business. Subsequently, Accounts...

Most businesses sell to their customer on credit . That implies, they sell and deliver goods or services quickly, send an invoice, then...

In finance, the key difference between a debtor  and a creditor  lies in who owes and who is owed. A debtor  is a person or business that...

Have you ever used the functions of creating invoices or bills either in Quickbooks? At the moment we created the invoices and bills, and...