LearningCat: Introduction to Accounts Payable & Receivable

Accounts Payable vs. Accounts Receivable: What’s the Big Difference?
In the realm of business, it is imperative to comprehend the manner in which money is transferred in and out. Accounts payable (AP) and accounts receivable (AR) are two critical terms that facilitate the monitoring of this flow. These are fundamental concepts in finance and accounting, and regardless of the size of your business, mastering […]
Importance & Role of Accounts Payable
Accounts payable (AP) are the amounts a business owes to its vendors for goods and services purchased on credit. Good AP management will maintain the company’s good health in financial terms, develop good vendor relations, and provide uninterrupted operations. It is also paramount to cash flow, reporting, and staying within the bounds of the law. […]
The Role and Importance of Accounts Receivable
Accounts receivable are definitely an integral part of today’s business world. AR simply ensures that companies get paid for what they produce, and it keeps financial waters running smoothly. With the aid of newer technologies like data analytics and automation, tracking, invoicing, and money collection have become child’s play. It improves the financial situation and […]