Accounting / July 19, 2018 / Khloe Santiago
Managing AP and AR can be a bit of a juggling act. Staying on top of these accounts means the difference between properly tracking your purchases and potentially overpaying or not being paid for goods and services (oh no!), which makes their proper management more important than ever. Here’s how many successful firms achieve that goal.
You, as the owner of your business, have the task of determining the right amount to invest in each of your asset accounts. You do that by comparing your firm to other companies in your industry and see how much they have invested in asset accounts. You also keep track of how much you have invested in your asset accounts from year to year and see what works.
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