• ACCOUNTS PAYABLE V. ACCOUNTS RECEIVABLE
    • 1141

    ACCOUNTS PAYABLE V. ACCOUNTS RECEIVABLE

    There are a lot of different terms in the accounting profession that are very unique. You would not find this type of language outside of business and accounting, which means it can become very confusing for someone who may not be as familiar to it. Most business technology currently uses these very niche terms to

  • TURNOVER RATIO
    • 2385

    TURNOVER RATIO

    In order to keep an eye on how the credit and collections team is doing. This can determine whether a business needs to tighten or loosen their restrictions on offering credit to customers, and can make or break their cash flow. One often used calculation is the accounts receivable turnover ratio. The accounts receivable turnover

  • AUTOMATED CLEARING HOUSE (ACH)
    • 908

    AUTOMATED CLEARING HOUSE (ACH)

    ACH, or Automated Clearing House, is one of the fastest growing payment options in the U.S. Many consumers and businesses may actually be using ACH payments every day and not even realize this. In fact, the Electronic Payments Association states that each year ACH accounts for 23 billion electronic financial transactions and is responsible for

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