What is accounts receivable for a small business?
Accounts receivable is money customers or clients owe your business for products or services already provided but not yet paid for.
Why is accounts receivable important?
AR affects cash flow because revenue does not become usable cash until the customer pays.
What is an accounts receivable aging report?
An AR-aging report groups unpaid invoices according to how long they have been outstanding, making it easier to identify overdue balances.
How often should I review accounts receivable?
Businesses that invoice customers regularly can benefit from reviewing unpaid invoices weekly and completing a more detailed AR review monthly.
How can I get invoices paid faster?
Prompt invoicing, clear payment terms, convenient payment options, and consistent professional follow-up can help reduce payment delays.
Why does QuickBooks show invoices that were already paid?
Possible causes include payments that were not matched properly, duplicate invoices, incorrect customer records, or bookkeeping errors that need review.
Can Simon Bookkeeping help with accounts receivable?
Yes. Simon Bookkeeping can help review AR records, match payments, clean up QuickBooks, reconcile accounts, and prepare clearer financial reports.
