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Hello, I am Stephanie Horne from Bookkeeping Basics and today I will be discussing Accounts Receivable. What is accounts receivable? Accounts Receivable, or A/R for short, is a balance sheet account that is used to record the income owed to your business for the products or services you sell.
This is another very important account. You can be hugely successful with business booming and lots of money coming in, but you can quickly get yourself into a mess if your accounts receivable isn't being well taken care of.
The process would start with the creation of an invoice when you sell a product or service that would be entered through Accounts Receivable account so you can generate a report showing how much outstanding money is owed to you, from who and when it is due.

Tax changes included in Congress’ fiscal cliff legislation (01-01-2013)
Here is a summary of the provisions included in the bill, which the President is expected to sign.
Tax rates beginning January 1, 2013
A top rate of 39.6% (up from 35%) will be imposed on individuals making more than $400,000 a year, $425,000 for head of household, and $450,000 for married filing joint.
2% Social Security reduction gone
Contest Winners, Bookkeeping-Basics.net Sweepstakes Winners List
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Do you live in CA? Are you in construction, or are you planning on doing any home renovation projects involving wood? If so, you might consider making your purchase before the new year...
Beginning January 1, 2013, taxpayers who purchase lumber products will see a 1% tax separately shown on their sales receipts admistered by the BOE. In addition to this the state sales tax will be increasing by .25%, so you can SAVE MONEY by buying the following products now rather than later:
Lumber, plywood particle board, fiberboard, poles, posts, structural panels, decking, railings, fencing, roofing (shakes and shingles), siding, sub-flooring, etc.. Pass it on!
Bookkeeping Basics, A book keeping how to for bookkeepers and business owners. Knowledge of accounting is key to a successful business. Learn the basics of book keeping from a professional bookkeeper.
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Bookkeeping News, An automatic bookkeeping and accounting news update system providing you with the latest news. You can also contribute your own news about bookkeeping.
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Bookkeeping Links, Helpful accounting links and bookkeeping resources from Bookkeeping-Basics.net including bookkeeping directory, blogs, products, supplies and affiliations
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Bookkeeping 101, Increase your knowledge of bookkeeping will give you more than just the bookkeeping basics. It will help teach you about many bookkeeping and accounting topics.
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Bookkeeping Articles, Accounting and tax information. Read these informative book keeping, tax and accounting articles to stay up-to-date on the latest accounting and tax information.
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Bookkeeping Supplies; A great office products, bookkeeping software and accounting supplies store. Including computers, electronics, equipment, office furniture and motivational office art.
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Online Income Taxes; Prepare your income taxes online with the help of Horne Financial Services, H&R Block At Home or Turbo Tax.ca all offering efile and fast refund capabilities.
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Motivation Quotes, Inspiration and success quotes to help get and keep you motivated and inspired.
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Motivational Art, Office inpiration and inspirational artwork online store full of art that will help keep you inspired.
Motivation, Inspirational quotes and techniques for your inspiration in the office. These inspirational quotes can be helpful in your business success.
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Accounting Jokes, Favorite bookkeeping funnies, bookkeeping jokes, accounting funnies and bookkeeping laughs to brighten your day!
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QuickBooks bookkeeping forms. Accounting and tax reports, free bookkeeper forms and snapshot views of standard quickbooks bookkeeping reports.
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Get your free basic bookkeeping forms here. You will find basic Excel bookkeeping forms, QuickBooks templates, and income tax deduction lists for firefighters, law enforcement, educators and more.
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Free bookkeeping tests to help find out how much you really know about bookkeeping.
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Quickbooks Accounting Software Store - Get exclusive quickbooks discounts and deals on quickbooks best sellers offered from an authorized quickbooks affiliate.
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Easy to use Excel bookkeeping template available here. Get started right away with these convenient bookkeeping excel accounting spreadsheet forms.
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Should your estimated tax payment be adjusted? Find out if you should adjust your estimated tax installments and how to refigure your tax payments here.
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Bookkeeping Test, A 20 Question Interactive Exam To Test Your Bookkeeping Mettlle
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Bookkeeping Services, Offering business and personal mobile bookkeeping and financial accounting book keeping service. Wide range of financial accounting services.
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