Business cash flow management: understanding the basics
Poor cash flow management has been the downfall of many businesses, underscoring its critical importance and the need for proactive handling. Read the article to understand the basics of cash flow management.
“Accounts Receivable” (AR) refers to the money owed following a transaction in which the buyer has not paid for the goods or services they have received. Let us take a closer look at the definition of AR and its meaning in practice for small- and medium-sized businesses.
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