Category: Self Employment

As a small business owner, managing your company's finances is crucial to its success. Two critical components of financial management are accounts receivable and accounts payable. Accounts receivable refers to the amount of money that customers owe to your business, while accounts payable refers to the amount of money that your business owes to its suppliers or creditors. Effective management of these accounts is essential to maintaining a healthy cash flow, building strong relationships with customers and suppliers, and ensuring the long-term viability of your business. In this article,...