QuickBooks automatically creates an accounts receivable account and adds transactions to it when you fill in a sales form but do not receive immediate payment. Accounts receivable tracks the money ...

Companies that grant loans and want to track the repayment with QuickBooks can create an Other Asset account if the loan should be repaid over a period of more than one year. If the loan needs to be ...

Most businesses offer their customers the option to pay on credit — often called “trade credit” — to provide added flexibility and convenience. When a customer purchases a product or service on credit ...