| Summary: |
It is easy to be confused by different methods of accounting, and one of the hardest concepts to understand is receivables. In this guide, author Othneil Hall, a longtime accounting professional, examines accounts receivable in easy-to-understand language in this handbook for students, office managers, bookkeepers, receivables specialists, and everyone else interested in mastering the basics of this critical feature of accounting. You will learn almost everything on receivables, including how to understand the various types of receivables accounting; record receivables in the most efficient manner; convert accounts receivable into notes receivable; and make adjustments for bad debts. This guide also provides advice on how to change your approach based on whether you work for a service-oriented company or one that revolves around merchandise inventory. Some of the transactions are similar between the two types of companies, while some are not. Whether you are seeking to understand financial terms, get a job in the financial services field, improve your organization's collection of accounts receivable, or boost your general knowledge of accounting, The Accounting Tabloid can help. |
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