accounts
41Accounts Uncollectible — Loans, receivables or other debts that have virtually no chance of being paid. An account may become uncollectible for many reasons, including the debtor s bankruptcy, an inability to find the debtor, lack of proper documentation, etc. Before an… …
42Accounts receivable turnover — The ratio of net credit sales to average accounts receivable, a measure of how quickly customers pay their bills. The New York Times Financial Glossary …
43accounts receivable financing — A short term financing method in which accounts receivable are collateral for cash advances. Bloomberg Financial Dictionary See: factoring. Bloomberg Financial Dictionary …
44accounts receivable turnover — The ratio of net credit sales to average accounts receivable, which is a measure of how quickly customers pay their bills. Bloomberg Financial Dictionary …
45accounts department — department of a bank responsible for managing accounts …
46accounts payable — trade creditors The amounts owed by a business to suppliers (e.g. for raw materials). Accounts payable are classed as current liabilities on the balance sheet but distinguished from accruals and other non trade creditors (such as the Inland… …
47accounts receivable collection period — The time given to customers in which to pay their accounts. It is common to require customers to pay within 30 days, although in practice the collection period is often not respected. As late paying customers can often cause major cash flow… …
48accounts payable — trade creditors The amounts owed by a business to suppliers (e. g. for raw materials). Accounts payable are classed as current liabilities on the balance sheet, but distinguished from accruals and other non trade creditors (such as HM Revenue and …
49accounts payable — *Short term, invoiced liabilities owed for the supply of goods or services. Accounts payable balances are classified as a *current liability in the *balance sheet. Further reading: Banks (2001) …
50accounts receivable — *Short term, invoiced amounts due from *customers for the supply of goods or services. Accounts receivable are classified as a *current asset in the balance sheet when their recoverability becomes doubtful, an *allowance for bad debts is created …
