Accounting Solver

May 10th, 2008

SYNERGY BETWEEN ACCOUNTS RECEIVABLE & ACCOUNTS PAYABLE 4

Accounts receivable and accounts payable are reciprocal accounts. Your business’ accounts receivable are the accounts payable of the community you serve and your accounts payable are the accounts receivable of the community (e.g., suppliers).
Specially for small businesses, it is best if the relationships are not just cold impersonal exchanges of goods and dollars. […]

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