What is the difference between accounts payable and accounts receivable? What do accounts receivable and accounts payable mean? In this video, Morgan Law (@FinePoints) answers these questions and illustrates why having a clear understanding of these accounting terms will help you better understand and track your business cash flow.
00:00 - Introduction: what are accounts receivable?
00:46 - Accounts receivable vs. accounts payable
01:44 - The importance of managing accounts receivable
02:13 - Tips for improving accounts receivable
Learn more about accounts receivable: https://intuit.me/38GrYL6
How to follow up on past-due invoices: https://youtu.be/yzwmV1i1NNI
