The longer bills go unpaid, the more pressure it puts on cash flow. Steed said to improve the balance sheet and cash flow, you should focus on managing receivables. That doesn’t mean just sending out ...

Receivables: for example, if you lend someone £100 down the pub and you were to draw up a personal balance sheet, and that would be a little bit of a sad thing to do, they owe you the money in ...

The company's accountant records $1,000, the invoice amount, as a debit or DR in the accounts receivables section of the balance sheet because that is an asset account. The company records that ...