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Accounts receivable represents money owed by entities to the firm on the sale of products or services on credit. In most business entities, accounts receivable is typically executed by generating an invoice and either mailing or electronically delivering it to the customer, who, in turn, must pay it within an established timeframe, called credit terms [citation needed] or payment terms.
Retainage is a portion of the agreed upon contract price deliberately withheld until the work is complete to assure that contractor or subcontractor will satisfy its ...
Receivables are funded in two parts. The first part is the "advance" and covers 80% to 85% of the invoice value. This is deposited directly to the business's bank account. The remaining 15% to 20% is rebated, less the factoring fees, as soon as the invoice is paid in full to the factoring company.
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QuickBooks is an accounting software package developed and marketed by Intuit.First introduced in 1992, QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.
A veteran detective with such an impressive record for solving homicides that the Boulder district attorney hired him on the Ramsey murder case.
A loving father of two, a former college football player, and a student from the University of Alabama were among the 14 people killed when a rented pickup truck plowed into a crowd celebrating ...
Senate Majority Leader Chuck Schumer has requested that "special detection systems" be deployed in New York and New Jersey after recent drone sightings fueled anxiety among residents in the region