Accounts payable

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Josh Aharonoff, CPA on LinkedIn: Learn the about Accounts Payable and Accounts Receivable
2 BIG parts of… | 29 comments Accounting Education, Accounting Basics, Accounting Student, Good Leadership Skills, Business Infographics, Bookkeeping Business, Financial Organization, Financial Modeling, Accounts Payable

Learn the about Accounts Payable and Accounts Receivable 2 BIG parts of accounting ☯️ I’ve seen many companies have entire departments dedicated to each of… | 29 comments on LinkedIn

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Accounts Receivable vs Accounts Payable What's the difference? ACCOUNTS RECEIVABLE 💰 → The amount of money customers owe the company. Location: Current Asset on Balance Sheet Offset: Allowance for doubtful account Types: Trade Receivables, Notes Receivable Cause: Created when the company sells goods or services on credit Action: Money to be collected Accountability: Lies with the debtors ACCOUNTS PAYABLE 💳 → The amount of money the company owes its suppliers. Location: Current Liab... Accounts Receivable Cheat Sheets, Types Of Bank Accounts To Have, Accounts Payable Cheat Sheets, Activities Board, Learn Accounting, Accounting Basics, Good Leadership Skills, Irs Taxes, Finance Career

Accounts Receivable vs Accounts Payable What's the difference? ACCOUNTS RECEIVABLE 💰 → The amount of money customers owe the company. Location: Current Asset on Balance Sheet Offset: Allowance for doubtful account Types: Trade Receivables, Notes Receivable Cause: Created when the company sells goods or services on credit Action: Money to be collected Accountability: Lies with the debtors ACCOUNTS PAYABLE 💳 → The amount of money the company owes its suppliers. Location: Current Liab...

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