For a business, shoddy record-keeping is always counterproductive, as is the overstating or understating of accounts receivable in financial statements. As a result, top leadership typically sets ...

Companies report their accounts receivable in the balance sheet based on accounting sales records. Companies might engage in credit sales to allow customers to buy on accounts and record revenue in ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Charlene Rhinehart is a CPA , CFE, chair of ...