zebulon
Apprentice
Joined: 13 Sep 2004
Posts: 5
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 Posted: 06/25/08 - 02:50 Post subject: |
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| Running any kind of business is never easy, and part of it is making a sound financial plan. Now, knowing about taxes you need to pay is equally important. Now, getting info on current financial stats is pretty important, and a good business move, or even necessary. Payable accounts refer to the money you owe to others, say your suppliers, and which you need to pay. Conversely, receivable accounts are those which have to be payed by the others to you. Usually your clients or customers can owe you money, and that counts as receivable account. |
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