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Outstanding invoices are quite clearly still shown in my accounting program. They're not counted on income until the event of payment though. The invoicing pro
by gte910h 17y ago
Outstanding invoices are quite clearly still shown in my accounting program. They're not counted on income until the event of payment though.
The invoicing program even auto-reminds late payers when they're past due. I can generate reports to show my company's AR whenever I want and open to a dashboard of that screen actually
Losing track of AR is just poor bookkeeping. It's not a feature of cash bookkeeping.
My AP is not as well tracked, that's for certain. Once expenses are paid, that is tracked, for sure, but owed debts/bills/etc aren't. That never was really something that interesting in the accrual based system.